Hey All,
Past year or so, I've noticed rapid increases in everyday essential items, some on a monthly basis (homebrand toast). wasnt too long ago that it was for 85c now it's $1.40 (was only $1 last year). Other items like milk and 1kg fries (now $2 was $1.80 few months ago)…I can list other items but you get the point. especially when wage increases are not in line with inflation it can hit the pocket!
What other items have you seen slowly increase overtime?
500 g mince beef at both Woolies and Coles, now is around $7.50, I remember there was a time not too long ago it was around $5 - $6.
oh yes also coles corned silverside beef were $8kg last year during lockdown…now it's 10kg!
At my local Coles it's actually just recently gone up to $9 for 500g. Only option to get it for $7.50/500g was to buy an 800g pack.
right, about a month ago. it was 500g - $6. then they changed 500g - $8, 1kg- $12, now 1kg -$15. at coles
Can confirm on the homebrand chips from coles. Also involved a packaging rebrand.
What other items have you seen slowly increase overtime?
All products, ever.
Always an excuse to put the prices up.
Never an excuse to lower them.
Welcome to our planet.
I understand that prices always go up - it's just that they have dramatically increased this past year, and as stated same product multiple times this year…never seen that before!
OP its not magic . Just get some simple data : https://www.abs.gov.au/statistics/economy/price-indexes-and-…
This is as a direct result of the quantitative easing. Grocery prices have increased considerably, but so have other prices including cars, real estate and even the share market. We aren't in a boom period as the graphs will portray, it's just that basically every western government printed money like it was going out of fashion last year. Welcome to ridiculous inflation. All your savings? Worth way less.
All your savings? Worth way less.
ha, fool on them. I dont have any savings :)
im on tight budget for shopping, shop at Aldi's and have noticed quite a few subtle price rises, mainly amongst meat and dairy products
Essentially, the global supply chain is "broken" resulting in significantly higher input costs for most products. There are higher prices to come yet in everything from everyday grocery items to whitegoods, etc etc
Welcome to inflation….. those gov printers have been busy printing billions and billions of dollars.
Companies are also clawing back all the losses from lockdowns/reduced trade etc.
Lamb Chops $27kg (Woolworths).
Blue Horseshoe says No.
The day Vic came out of the last lockdown - fuel went up 49 cents. -
Apparently part of the "cycle" (do they really think people believe the 'cycle' rubbish anymore or just dont care) - yet there was no cycle during lockdown…. Long live the worthless ACCC..
Oil prices are up heaps though
The only certainty in life is that this won't be Victoria's last lock down
Try to understand the practicalities of continuous vs discrete price jumps - marketing psychology incl. price points, increase in supply costs, lags - e.g. supplier/retailer bearing for a while, etc.
All the free brrrrrr is working as expected.
Now that Australia's inflation rate is 3.8%, is it time to worry?
Suddenly, Australia’s annual inflation rate is 3.8%, having jumped from 1.1% for the twelve months to March.
https://theconversation.com/now-that-australias-inflation-ra…
Enjoy while it lasts because whatever the number is this year will compound next year.
homebrand toast
homebrand chips from coles
Who would've thought they'd be willing to increase prices on their loss leaders??
I use frozen fruit in smoothies and prices have gone up 25% to 50% in the past few weeks at both Coles and Woolies. 500gm frozen blueberries or mango or strawberries from $4 to $5. 500gm frozen raspberries from $4 to $6.
And what about the universal delectable Maltesers. The big red box used to be $5 when it was on special. Now. it is $6, which equates to a 20% increase. Bit harsh, don't you think, especially in this Covid era when a lot of people are counting their pennies?
I'd like to pay with pennies…
I buy a lot of frozen fruit - 5-6kg per month. They used to be $7.50-$8.50/kg, now they're $9.50-$11.50/kg. I'm paying $10-12 extra each month now. It's ridiculous.
Tim Tams were $1.80 when half price not too long ago, now it's $2 on sale. Similarly for shapes, gone up a few cents.
So we have the double effect to inflation from an increased money supply and supply chain issues.
Meanwhile real GDP has fallen because of lockdowns.
The packet of chips is getting smaller and smaller. Soon we will get a single chip inside the packet for $3 when on "special".Normal price for single chip $6 !!
Pringles will become Pringle
maybe a couple more cents of ink saved if they shortened further to Pringl
SPC 425g baked beans and spaghetti used to be $1.15 only a few months back, they are now $1.70. Just a couple among the many.
Spam. Processed to hell questionable protein should be cheaper than real meat…
What store/supermarket do you shop at? I haven't noticed any major increase in price over grocery items so large that I have to make a forum post about it.