New analysis has revealed that grocery prices in Australia have surged by 30 per cent over the past three years, with supermarkets like Coles, Woolworths, and Aldi hiking their prices.
The increase has left many Aussies struggling to keep their grocery bills under control.
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In January 2023, Australians spent $14.6 billion at the supermarket, a significant rise from $11.5 billion in January 2020, according to the Australian Bureau of Statistics.
This increase has been largely driven by COVID-related supply chain disruptions and rising inflation.
Despite the easing of these pressures, grocery prices remain high, and it’s clear that cost-of-living concerns will be a major issue for voters in the upcoming federal election.
On Tuesday morning’s episode of The Briefing, Finder’s Head of Research, Graham Cooke, shared some valuable insights on how to save money during your next supermarket run.
Cooke provided ten simple hacks, from shopping at the right times to making the most of in-store discounts, that can help reduce your grocery bills.
For example, supermarkets often discount food nearing its use-by date in the evenings, like pre-packed veggies, meat, and ready meals.
“People are shopping later in the day or later in the week in order to try and take advantage of the products that are marked down at that time,” Cook said.
He also recommended meal prepping and buying in-season produce, which can help reduce costs.
“90, 95 per cent of the fruit and veg sold in Australia is produced in Australia. Because of that, it’s very susceptible to seasonal fluctuations,” he said.
“So you’ll see online social media burst into rage sometimes when a punitive Blue Breeze is $8 or that type of thing. That tends to happen when things are out of season and prices go up dramatically.”
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