How much grocery prices have gone up at Woolworths and Coles from 2019 to 2023
Daily MailAustralians have been feeling the pinch at the supermarket check out, and now analysis by Daily Mail Australia shows precisely how much the prices of staple products have risen. LET US KNOW IN THE COMMENTS Analysis conducted by Daily Mail Australia shows products, once considered staples in households across the nation, have risen by as much as 106 per cent in just four years Poll Has your grocery bill changed dramatically? Even limiting discretionary spending is providing little relief with electricity bills soaring and mortgage repayments spiking The sharp increases come at a time when families are already struggling to keep afloat, with the cash rate now at an 11-year high of 4.1 per cent - pushing most mortgages past the five per cent mark. AMP deputy chief economist Diana Mousina said just one more 25 basis point rate rise this winter - taking the cash rate to 4.35 per cent - would be enough to spark a recession. A recession in 2024, as AMP is predicting, would be the first interest rate rise-driven economic contraction since 1991, after interest rates hit 18 per cent in late 1989.
History of this topic
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