Groceries rise by 7% across Australian supermarket chains, Choice finds
Summary
Groceries in Australia have become more expensive, with the average price of a common basket of items rising by 7% from March to June. The price increase was seen across the four major supermarket chains: Coles, Woolworths, Aldi, and IGA.Key Facts
- The average cost of a basket with milk, apples, strawberries, bananas, potatoes, avocado, rice, and beef mince rose from $40.83 to $43.62.
- Strawberries were the biggest price increase, going up by 37%, from $4.68 to $6.41.
- IGA had the largest price increase at 11%, while Woolworths had the smallest at 2%.
- Aldi’s price rise was 8%, but it remained the cheapest supermarket overall.
- A “healthy” basket of 10 items was also surveyed, with Aldi offering the lowest prices ($28.79) and IGA the highest ($42.27).
- The Reserve Bank of Australia is expected to raise interest rates again to control inflation, but food costs continue rising faster than general inflation.
- Choice, a consumer group, conducted the research by checking prices at 104 stores across the four supermarkets.
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