Leaked internal sales data from Coles, the nation’s second-largest supermarket chain, indicates that consumers are feeling the squeeze in their wallets. As inflation and interest rates have been on the rise for over a year, people are cutting back on their weekly essentials, such as kitchen cleaners, body wash, sponges, wipes, and bathroom disinfectants. The […]
Cost of living pressures
Experts claim that the rising prices of groceries, contributing to increased financial strain on struggling households, can be attributed to the greed of supermarkets and the grocery duopoly held by Coles and Woolworths. Recent research conducted by UBS revealed that food prices at Coles increased by 10.4% in April, while Woolworths experienced an 8.7% increase.
Australian dairy farmers are facing tough times as a surge of cheap imports from New Zealand floods supermarket shelves. Despite farmers receiving record-high prices for their milk, prices have begun to drop sharply in New Zealand, making Kiwi imports more attractive to Australian consumers. The world’s biggest dairy exporter, Fonterra, has committed to paying Australian