Newly-released data shows supermarket prices rose 9.2 per cent overall in the final quarter of 2022. 9News
Dairy prices rose by 14 per cent, led by a 24 per cent surge in cheese.Meat prices overall lifted 10 per cent, with pork up 16 per cent and lamb up 10 per cent.Fruit and vegetable prices, which had lifted earlier in the year due in part to the repeated flood crises in eastern Australia, remained stable.
With rising grocery prices linked to high inflation across Australia, experts are saying the numbers are unlikely to deflate any time soon.Familiar face from tear-jerking film sells for millions
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Victoria considering banning duck hunting ahead of 2023 seasonThe move would bring Victoria&x27;s rules in line with NSW&x27;s, Queensland&x27;s and Western Australia&x27;s, with the activity having been illegal in those states for up to 33 years.
Read more »
Supermarket prices surge and there's more inflation to come, warn analystsSupermarket price increases accelerated over the past three months of 2022, with Woolworths leading the charge, according to research by investment bank UBS.
Read more »
Alan Kohler on why inflation is so 2022 - ABC RadioAs we embark on 2023, many of us will be thinking about our finances and whether this year will be any easier than last year. Today, with the possibility of a global recession still very much on the cards, we look at how Australia might fare. Featured: Alan Kohler, ABC Finance Guy
Read more »
Fresh food prices surge at the supermarketSupermarket prices have increased over the past few months, with Coles and Woolworths food prices jumping 9.2 per cent on average in December. Increasing from an average of 8.2 per cent in the September quarter, the research from UBS showed. Investment bank UBS surveyed more than 60,000 grocery items, finding that food inflation was the strongest in the fresh food category, with it up 9.6 per cent as dairy and meat increased the sharpest. The numbers from UBS suggest that while inflation in some parts of the economy is starting to cool off, food and vegetables keep going up in price. UBS expects food inflation to continue this year, with food manufacturers and producers expecting to continue lifting their prices until at least June.
Read more »
Fatal heart attacks have surged in Australia. Here’s whyMore than 10,000 Australians died of ischemic heart disease in the first eight months of 2022 - that’s about 17 per cent higher than would be expected in a normal year.
Read more »
Turkey condemns Quran-burning protests in Sweden, cancels ministers' meetingTurkey cancelled a planned visit by Sweden’s defense minister in response to anti-Turkish protests that increased tension between the two countries as Sweden seeks Turkey's approval to join NATO. 9News
Read more »