Went to Coles today and had some Baked Beans on the shopping list.
Usually like the Coles home brand one and as recently as a couple of weeks ago I got a stack of them at 65 cents per can.
Today’s price for the same baked beans: $1.10. So a 69.2% rise in price essentially overnight.
Inflation (which is clearly been driven by profit seeking supermarkets) is out of control.
Thank heavens Shane Warne isnt still alive…
He'd be spinning in his grave..
Angry upvote
Flipping thank you
What an appalling comment.
Well, they are a musical fruit
Aldi Winter Vag $3.30 to $4.20 overnight
Wowie, and not at the price
I had to read that 3 times.
Just posting so you can't edit. Hehe.
Edit: ironically beaten by a tool.
Might have to sniff around a bit to find it.
Is winter vag hairy?
Just small carrot with a bit of broccoli. Nothing fancy but my wife likes it
Not sure what she eats for lunch though
nothing worse than going to the dentist for a hair cut..
Not if it's Brazilian.
Aren't Brazil nuts hairy?
Usually, just like the pegs below.
No sir it's bearded
Username checks out
🤣🤣🤣🤣🤣
The only type I eat
Winter Vag is a bargain at any price!
😂
What's a winter vag?
Are we talking about the winter vag outside Aldi on Grey St, St Kilda?
Coles Frozen "Peas Carrots Cauliflower" suddenly increased from $3.3 to $4.5
Winter vag?
I prefer the all-season variety.
Do you need to be over 18 to buy this, like the extra virgin olive oil at Coles?
Do you really eat it? It so dry….
I get the summer vag. It’s moist and delicious.
which is clearly been driven by profit seeking supermarkets
So all those other market segments that are not groceries, but have suffered inflation based price increases, are also due to supermarkets?
You mean me—- I have to pay more for fuel, food, gas, electricity—- but hey I’m not jacking any prices up. Milk has gone up 3 times but unlike Woolworths I have suck it up and have no way of paying for it !
Im saying claiming all inflation increases are due to profit seeking supermarkets is incorrect.
I actually saw a report on ABC TV last week (I think) that suggested Australian supermarkets aren't price-gouging.
@GregRust: The Aussie retail cartel price-gouges as usual; that's not what inflation is, though. Inflation is currency devaluation.
I noticed the increase on them recently too. All the joksters just don't give a f and are happy, willing and able to pay the increased prives without being negatively impacted. Don't know why jokes are the only retort here.
If you don’t laugh, you’ll cry
Woolies did not hesitate to put their prices up ASAP — no doubt it is how they make the blind old pensioner pay for their Rewards Members—- nothing is free and Woolworths proved it by jacking up all their homebrand prices.
I'm assuming Woolworths in your area has increased prices for homebrand baked beans?
Tasmanian Woolworths stores are selling Woolworths homebrand baked beans for 65c a tin. Sounds like the Tasmanian stores are still hesitating to jack up prices on homebrand baked beans?
They certainly did on their cheapest 500g pasta varieties. Were $1.00 mid-January, up to $1.25 as of a couple of weeks ago.
Boom, 25% in one go!
(Launceston btw)
Homebrand frozen fruit and homebrand frozen vegetables have also experienced price rises recently (and I noticed that frozen vegetables went up in price across the board two Mondays ago), so homebrand baked beans are the weird outlier!
@WookieMonster: Won't be long, rest assured.
The duopoly have been price-fixing for years and getting away with it. Is there a law against profit-taking?
Lube up everyone!
Inflation (which is clearly been driven by profit seeking supermarkets) is out of control.
Anyone who says this has absolutely no clue about the economy.
I’m not surprised the price went up. I wouldn’t have thought twice if it was 90 cents a can given inflation.
But a 70% price jump? That has to be taking some extra profit.
You don’t know the cost price of manufacturing it. How do you know that the manufacturer/woolies hasn’t been absorbing any increase until they couldn’t absorb anymore? So that’s why it looks like a massive jump overnight
Surely the ones already on the shelves are paid for, done. So why would they need to go up so much? There's no extra cost for them. They are already in the shop.
Canned tomatoes are up a lot too.
IMO supermarkets prices are currently being influenced by:
1) Adjustments due to higher supply and operating costs due to inflation and energy costs; and
2) Taking advantage of a the dramatic price changes and are doing strategic price 'gouging' to their profit advantage.
While these things feed into inflation, they are not the cause.
The number one cause has been cheap[^1] cash being dished out for a decade which has massively inflated the money supply - there's a lot of money sloshing around out there (just no in our pockets - and has mostly been pumped/locked away into housing).
[^1] Almost free due to low interest rates - which almost reached zero or below (well it did in some economies).
So, No1 cause for today’s money woes:
RBA
So No1 cause for tomorrow’s money woes:
RBA
These are still in stock in most stores for $0.65 https://www.woolworths.com.au/shop/productdetails/158188/la-…
Either that or go to Aldi. But yep, everything has gone up in price including the in house usually cheap items.
65c is half of $1:50.
Few baked beans short on that maths
Suppose not all of us are bean counters…
Technically a ratio of $1 to $50 is $0.02 hence $1:50. But 65¢ is not half of 2¢. That's my two cents.
They obviously meant 65°c is half of $1:50am
@Sick of This: But we still don't know if $5°c is married or not. Without knowing its marital status we're bound to make the wrong decision.
Even if beans aren't costing Colesworth any more to source, it makes sense to put the prices up. If the price of every other food goes up and people start buying beans instead to save money, that doesn't do anything to help Colesworth's bottom line.
damn and we haven't even begun to peak capitalism yet
Cool
Beans
Corey Calderwood?
I'd say they are cashing in on the fact that Scotts Transport who used to supply them have gone toes up… using it as an excuse for price rises.
Similar with Aldi beans - brand name Correll (?).
Tried them a few months back after the huge increases in Heinz products and family was pleasantly surprised how good they were.
Was 69 cents a few weeks ago but on Saturday we had guests coming over for dinner, so I bought an extra tin as a treat, and saw that price had gone up to 99 cents per can. That's a 43.5% increase in just one hit.
One things for certain - these prices rises will never come down again and are here to stay.
You give your dinner guests baked beans and you think this is a treat?
Congrats for picking that up and paying attention…
It's an old family joke I used to say to my wife when they were in the supermarket.
I would say really loudly 'shall I get an extra tin of beans this week in case we have any guests calling around' after which she would just hurriedly scuttle off into the next aisle embarrassed.
There are many more games I'd play to brighten up the weekly shop - much to my wife's annoyance - but that's another topic for another day.
Let us know when you start that forum topic.
I recently discovered you can cut down on your foodbill by eating less. Works good so far.
Imagine how much you could save if you didn't eat!
These damn millenials, they want to both buy a house AND eat at the same time.
/s
The big supermarkets have a lot of buying power their cost is unlikely to jump that much that quickly. Decades ago when i worked in a supermarket the extra discounts they would negotiate/pressure suppliers compared to the smaller independent stores was quite common to hear of 15 to 25 % and sometimes even more more profit to their shareholders.
Fair enough its a business just sometimes suppliers can feel they have no choice.
If the supermarkets are posting record profits, I guess that's coming from somewhere. I've stopped shopping at Colesworth and am doing the markets.
This is a stupid post because this assumes that at least four supermarkets are all colluding with each other to make extra profits from baked beans….
You haven't seen the YouTube video that links baked beans to the WEF and their grand plans?
Wake up sheeple :)
This is a stupid post because it assumes Sweet3st was saying all profits are coming from beans, when he was obviously using this as an example of their business strategy resulting in them posting record profits.
This is also a stupid post because what sort of idiot doesn't realize duopolies in a pretty stable equilibrium must be taking each others prices into account, effectively an implicit collusion, if not explicit under the table (which there are plenty of examples of historically).
So you've just said the same thing he did, you believe they are all involved in collusion which is ridiculous.
Aldi frequently undercuts woolworths and coles by 50-70% on some products, why are they going to start breaking the law on baked beans?
@samfisher5986: why bother replying if you don't even read the post
when he was obviously using this as an example of their business strategy resulting in them posting record profits.
Aldi Choceur has jumped from $3 to $3.50.
Alot of aldi products jumped up around 50c, I used to buy their cake mix and it jumped up 60c. Aldi did warn everyone about the significant price rise… and it sucks.
I blame the bean-counters
Interesting the OP blames inflation on "profit seeking supermarkets" but makes no reference to monetary policy, interest rates, or the helicopter money printed and distributed as welfare during Covid.
Wait I didn't get enough for a Helicopter during COVID. Is it too late to claim my helicopter payment?
That was then, now due to inflation your helicopter money won't even buy you a can of beans.
Usually like the Coles home brand one and as recently as a couple of weeks ago I got a stack of them at 65 cents per can.
Today’s price for the same baked beans: $1.10. So a 69.2% rise in price essentially overnight.
How do you know they didn't have smaller increases over those couple of weeks?
Having said that, we all have a couple of items that we buy and will instantly know if the price has risen. We've seen things rise by 33% in a week, but we can't possibly know how long they have held the price before raising.
Given the price sensitivity at the moment, with all the price locking etc. they may have held off as long as they could, and rather than copping flak for raising 10% every week, they decided to wait, and cop 1 lot of flak and raise it 50% after a few weeks.
"Inflation (which is clearly been driven by profit seeking supermarkets) is out of control."
Greedflation…
https://www.abc.net.au/news/2022-11-15/profit-crisis-the-inf…
https://www.abc.net.au/news/2023-02-24/profits-drive-inflati…
https://www.theguardian.com/business/2023/feb/24/an-economic…
Same story elsewhere in the world:
https://www.epi.org/blog/corporate-profits-have-contributed-…
https://www.reuters.com/markets/europe/ecb-confronts-cold-re…
https://www.theguardian.com/business/2023/mar/02/ecb-looking…
Yeah pretty indicative our current inflation woes are big business driven. Makes the blood boil.
record profits by shell / exxon / BP / etc
blaming "ukraine war" for the massive price hikes
inflation which is not accompanied by corresponding wage increases can only be greedflation
our obsession with growth every year has caused this
covid is over cant blame that anymore (unless your qantas or auspost)
OK. The major supermarkets have just posted record profits. Where are those profits coming from in the face of their chanting the "Ukraine/supply chain" mantra?
Your wallet, that's where.
Shop elsewhere!
The way Coles Bake Beans taste vs Heinz . There is no way I would buy them at any price.
Baked beans now rich people food
thank Philip Lowe for that …
Proposterous; they should have just removed a couple of beans per can - that way no one would have realised - well, almost no one.
If they removed 70% of the beans, i think the customers might know!
Hash brown at coles went from 50c to $1 each.
Never heard of Humble branded baked beans
Baked beans is an Australian staple which should be federally regulated and capped at no more than 80c per can for the next 50 years at least.
This is unacceptable in a first world country.
Having enough baked beans is a fundamental human right like oxygen and water.
Why isn’t Chalmers or Albanese stepping in to help??
Hows the 600ml coke buddy for $4.05. while a 2 litre is $3.55. Crooks
well one is convenience and one is bulk size
but I mean, if you lived in America 2lt is probably the convenience size
Well they use ounces; 2L is 67oz, which would be enough to go with a light breakfast.
are dried beans prices the same
There is a new environmental tax on baked beans due to the methane you create after eating them.