Australia's supermarket prices up due to higher business costs, says ARA. Story by Staff Reporter ... with grocery inflation lower than in many OECD countries, according to the report.

Australia plans to tighten regulations on supermarkets, including strengthening a code of conduct and introducing new penalties, amid concerns that big grocery chains have too much leverage over ...

The official inflation rate understates the impact on working people, with real cost increases to essentials, including supermarket prices, invariably higher. That remains the case today.

It finds Australia’s supermarkets are highly profitable by international standards, ranking among the highest in their peer group. But it did not find the supermarkets were price gouging. In ...

In Australia, the annual inflation rate peaked at 7.8 percent in December 2022 and sat at 3.8 percent as of June. ... Australia’s two largest supermarket chains sued over fake-discount claims.

In Australia, a common measure of inflation is the consumer price index ... From supermarket prices to petrol for your car, high inflation means everyday essentials become much more expensive.

Reuters. FILE PHOTO: An employee of Bunnings, which is part of the Wesfarmers retail conglomerate, walks down an aisle at a store in Sydney, Australia February 17, 2022.

Hopes for another interest rate cut have been boosted by slowing inflation but economists have declared the RBA will have a “close” decision at the meeting next month.

The Oreo family pack on sale at one of Australia’s largest grocery store chains seemed to be a pretty good deal, with a discount of 50 Australian cents.