Analysis by investment bank UBS finds food prices at Australia's major supermarket chains have risen at a faster rate than inflation.
abc.net.au/news/supermarket-prices-increase-coles-woolworths-inflation/102380456Australian supermarket food prices have increased by a new peak of nearly 10 per cent over the past 12 months, outpacing annual inflation as the cost of living continues to rise.Analysis by UBS found food prices at Coles and Woolworths increased to 9.6 per cent in the past 12 months
It found Coles prices had jumped sharply in April, up 10.5 per cent over the past year, compared to a 9.1 per cent annual rise in March. UBS analyst Shaun Cousins said the rise in food inflation was surprising, despite the volatility in monthly pricing data.
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