price hikes

coles & woolworths

Woolworths and Coles Reject ACCC’s Fake Discount Allegations

Supermarket giants Woolworths and Coles have firmly denied claims of misleading discounts, stating that most of their price increases were driven by suppliers, making the later discounts real. The Australian Competition & Consumer Commission (ACCC) has accused the two retailers of deceiving customers. However, Woolworths and Coles argue that the price hikes were necessary to […]

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Food

Food, grocery price hikes to follow as costs jump nearly 700 per cent

The nation’s major food and grocery manufacturers say they are facing increases in costs of up to 700 per cent since the pandemic began and have warned some of that will flow through to the price shoppers pay at the checkout. The cost of implementing Covid safety requirements at factories, sourcing ingredients, the global shortage

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supermarket

Food boss says ‘perfect storm’ could cause supermarket price hikes

Australians could see the prices of all supermarket products rise by 10 to 20 per cent, according to the boss of one of Australia’s biggest food manufacturers. Hussein Rifai, the chairman of SPC, told 3AW on Wednesday he suspects the costs of his company’s 150-plus products will all be going up. But he warned the

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