Site icon TheDailyCheck.net

What Coles, Woolies shoppers are paying

New research has revealed Australian shoppers are paying almost 7 per cent more at Coles and Woolworths for some of their favourite foods and products.

Data collected by grocery comparison app Frugl Grocery found that grocery price inflation rose to a record 6.75 per cent over the last year.

That included a 1.05 per cent increase during the last financial quarter, with the hikes impacting several cornerstones of the Australian household.

Red meat eaters are paying significantly more for beef after it rose by 14.60 per cent over the last year despite inflation falling by 1.58 per cent in the last financial quarter.

Other items that went through major annual inflation increases included fruit and vegetables (12.97 per cent), household and cleaning products (13.67 per cent) and pantry supplies (13.17 per cent).

The average total cost of shopping varied minimally across states and jurisdictions, except for the Northern Territory where prices were slightly higher.

Single professionals (9.25 per cent), university students (8.11 per cent) and retirees (8.09 per cent) were the people most affected by the price changes over the last year, based on products tailored to those demographic groups.

Prices appeared to stabilise to some degree in the June financial quarter after an “unrepresented” 4.40 per cent inflation rise in March.

Frugl chief executive and managing director Sean Smith had bad news for shoppers hoping for some relief, with the price pain set to continue.

“Grocery prices have actually held relatively steady compared to the previous quarter,” he said.

“However, prices are still historically high compared to this time last year and suppliers are forewarning that they will be increasing their prices, so retailers will have no choice but to pass these onto consumers later in the year.

“Households are now looking down the barrel of a potential recession and numerous other economic challenges, which may require substantial changes to their shopping and consumption habits.”

Originally published as Aussies paying almost 7 per cent more for groceries

For all the latest Lifestyle News Click Here 

 For the latest news and updates, follow us on Google News

Read original article here

Denial of responsibility! TheDailyCheck is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – abuse@thedailycheck.net The content will be deleted within 24 hours.
Exit mobile version