More price reductions are on the way for consumers.

Tesco, Aldi and Lidl will cut the price of their own-brand bread from today.

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All three supermarkets will reduce the price of their standard loaves by 10 cent.

It comes as junior minister Neale Richmond held discussions with the retail forum yesterday amid soaring food and grocery costs.

Today he's meeting farmers.

Labour TD Ged Nash says families and workers are struggling with increased costs at the supermarket checkout.

'We believe that he was absolutely schooled by the supermarkets, by the big players in particular, who are in our view retaining very high profits on the back of hard pressed consumers and we don't even know if the Minister has delivered on his pledge that he made this week in the Dail to make supermarkets publish their profits and be more transparent about how it is they price their products.'