Australians are staring down the barrel of a sudden groceries price spike, adding a further edge to the cost-of-living crisis in 2023. 9News
that both Coles and Woolworths said they were committed to continue helping shoppers through pricing initiatives.But further interest rate rises could see grocery prices rise yet higher.
Retail analysts have revealed that in the past 12 months alone, fruit and vegetable prices in Australia have risen by 16 per cent.There were warnings through last year that tumultuous weather, including repeated flood events on the east coast, could have a knock-on effect on prices, particularly when fruit-growing areas were inundated.
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