Rising prices have hit us all, from astronomical energy bills to the shocking cost of everyday groceries. One product that has seen a particularly sharp increase is olive oil, with some reports indicating a staggering 110% rise in price over the past year. Analysis by Sky News reveals that the average price of a 500ml bottle of olive oil has jumped from £3.54 in January 2021 to a hefty £7.45 today, marking a substantial 110.5% increase.
Thankfully, budget supermarket Aldi has stepped up to offer a lifeline to our wallets, providing us with a so-called ‘liquid gold’ at a much more reasonable price. A recent taste test conducted by Which? has demonstrated that it is indeed possible to purchase a budget-friendly bottle of olive oil without sacrificing taste. Aldi’s Specially Selected Terra Di Bari Castel Del Monte Extra Virgin Olive Oil (500ml) stands out as a top choice, costing a mere £5.19 and ranking third overall in a blind taste test conducted by Which? Impressively, this affordable oil has also earned a ‘Great Value’ endorsement from Which?, and is described as possessing a ‘peppery and pungent’ flavor profile with an intense blend of spice and bitterness.
To determine whether spending more on premium olive oils is justified, a panel of four independent experts was assembled to conduct blind taste tests on seven extra virgin olive oils from various premium supermarkets, as well as five branded options. Ele Clark, Which? retail editor, commented on the findings, highlighting that ‘Olive oil is a staple in many kitchens, but a series of price hikes means buying your favorite bottle may be more of a strain this year.’
Clark further noted that ‘Some supermarket own-brand olive oils have gone up by as much as 88 percent over the last two years.’ Despite these price increases, Which?’s tests indicate that finding a high-quality olive oil at an affordable price is still achievable, as long as consumers make wise choices.
Beyond opting for own-brand products, Which? suggests additional strategies to reduce olive oil expenses. They advise disregarding jargon such as ‘cold pressed,’ as it applies to all extra virgin olive oils and has no bearing on quality. Instead, they recommend seeking out harvest oils and those labeled PDO or PGI. Additionally, blended olive oil is perfectly acceptable for everyday cooking, and storing olive oil in a cool, dark place will prolong its freshness.
As living costs continue to rise, it’s reassuring to know that budget-friendly options like Aldi’s olive oil can help us make healthier choices without breaking the bank.
