The latest industry report by Jarden and the Australian Food & Grocery Council suggests a decline in food price inflation. Aldi continues outperforming its competitors and reclaims the market share it lost during the COVID-19 pandemic. It is supported by value-seeking customers, an expanded product range, increased cross-shopping, growth in own-brand sales, and improved supply […]
Hopes of relief for household budgets from high food and grocery prices have been shattered as investment bank UBS issued a warning that food inflation reached a record high of 9.6% in April. This surge in prices is attributed to ongoing challenges in the supply chain and labour market, causing inconvenience and expense for shoppers.
According to UBS‘s latest food inflation report, fresh food inflation hit a peak of 9.8% in March, while the average prices for a basket of fresh and dried groceries at supermarkets remained high at 9.1% for the third quarter. The report also revealed that food inflation is running at over double the rate experienced a
In February, the average prices of food items at Coles and Woolworths supermarkets in Australia saw a slight decrease, with the prices of fresh produce dropping faster than packaged goods, according to the latest UBS grocery price tracker. The research tracks over 60,000 prices across both grocery chains monthly, and it found that average food
The boss of Metcash, the nation’s largest supermarket wholesaler, believes cost pressures swirling through the global economy and causing a rapid acceleration in the price of food and groceries is likely to remain in place until at least the start of next year. And shoppers who first walked into a Metcash-affiliated supermarket – such as
Food inflation looks set to bolster profits at Australian supermarket chains as analysts predict shoppers will have to brace for more price rises. Consumer price index figures released last week put inflation at 6.1 per cent for the year, with food and non-alcoholic beverage prices jumping 5.9 per cent since the June 2021 quarter. The
Earnings results for supermarket wholesaler Metcash, released on Monday, will provide an update on the pace of inflation currently running through the food and grocery sector which some fear has accelerated since Woolworths and Coles reported an inflation breakout in the March quarter. Woolworths in May revealed that food inflation had grown by 2.7 per