Retail expert predicts price stabilization and promotions in 2025. Chocolate and eggs prices remain high due to supply issues.
Despite ongoing concerns about food prices, retail expert Gary Mortimer predicts prices will likely stabilize in the New Year. Mortimer, a professor of consumer behavior and retail marketing at Queensland University of Technology, anticipates potential price promotions, such as 40% discounts on chocolate bars and 30% off soft drinks. He acknowledges that food prices rose 3.
3% in the year to September 2024, with chocolate and egg prices significantly affected by cocoa and avian flu-related supply shortages respectively. Mortimer suggests capitalizing on sales and using apps like Frugl to find deals. He also points to the potential impact of global events, such as Donald Trump's actions in the USA, on Australian clothing prices
FOOD PRICES AUSTRALIAN SUPERMARKETS CONSUMER BEHAVIOR PRICE PROMOTIONS GLOBAL ECONOMICS
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