HomeFoodSupermarket pricing out of control

Supermarket pricing out of control

I read an interesting statement this week about supermarket prices.

It was: ‘Profiteering isn’t illegal’ in Australia and maybe it goes a long way to explain how you are being treated by the big two supermarket groups.

In a detailed analysis, The Guardian claims food prices are increasing by an average of 8 per cent but some staples such as dairy are rising at almost double that rate.

The Guardian puts a great deal of those egregious price rises down to the supermarkets taking advantage of the confusion and chaos to supply that occurred during COVID lockdowns.

Suddenly, prices were all over the place and we lost a sense of how much things should cost and consequently we were – well, if not happy – willing to pay whatever was asked to secure what we needed.

Coles and Woolworths read the room and started putting prices up and, due to their dominating market share, got away with it and are still getting away with it.

They have been quick to blame everything but profiteering, attributing the increases to floods, stock loss (theft, basically), transport costs and suppliers’ higher prices.

These no doubt have some influence, but the fact is that despite their increasing costs they are recording record profits when we are all feeling the cost-of-living pinch.

If you need any more confirmation that we are paying too much, YahooNews this week reported on an Australian living in Germany who was shocked at the prices compared to Australia.

One example was a packet of Finish dishwashing tables which worked out to A$14.70 in Germany.

In Australia, we would pay $62 for a pack of 45. Finish often goes on half-price specials, but that’s still $30-plus extra depending on the variety.

What can you do?

My best advice is to vote with your feet and shop around if you can.

Buy the specials at the big two and supplement that with purchases at discount chains such as The Reject Shop, Aldi or Costco.

With Coles and Woolies constantly upping prices, you might be surprised that often IGA is cheaper on many lines these days. If you have access to the larger IGA shops – IGA Super or IGA Everyday – the choice of products they offer is also more varied than that of the big two, which only sell what they want you to buy.

Try your local greengrocer. The quality is often far superior to supermarkets – I only buy garlic at a greengrocer – and the in-season fruit and veg is often cheaper.

You can also bask in the warm, inner glow of supporting a local business, and not some vast retail behemoth.

This week’s best deals

Coles

Sensible: Mayver’s Peanut Butter select flavours, $5.20, save $1.30. Cast aside all other peanut butters and embrace Mayver’s. I love this brand. Australian-owned and ‘why-didn’t-I-think-of-that’ flavours. The peanut butter with five seeds is your next breakfast spread of choice, you just don’t know it yet.

Indulgence: Mutti Passata varieties, $3.80, save $1.20. Excellent stir-through tomato sauce for pasta Napoli or add your protein of choice for a simple dinner. My kids can manage this, so it must be easy.

See the catalogue here.

Aldi

Sensible: K-Roo Kangaroo mince, $10.99. If you are looking for a low-key entry point to try kangaroo, mince is a good start. I know from childhood experience it makes a crushingly good bolognese.

Indulgence: Dutch week! Aldi fans have been looking forward to this one. Suitable weird names too. Fancy some Smelik Assorted Cheese Biscuits? Or maybe a Van Slooten salty liquorice in the shape of a houseboat? Seems an odd design choice, but let’s continue. Katja Biggetjes look like squashed pigs’ heads, so that sounds like fun. Get in there Nederlanders.

See the catalogue here.

IGA

Sensible: MasterFoods Freshly Crushed Garlic, $2.75. I’m a bit highly strung in the kitchen and mostly insist on making my own crushed garlic, but I still have a jar of this for emergency can’t-be-bothered days.

Indulgence: Victoria Bitter VX, slab $55. Carlton and United’s new brew with a bit more zing. VX has 6 per cent alcohol compared to the usual 4.9 per cent. CUB claims this provides a ‘bolder’ flavour and is targeting it at the craft beer segment. I feel the craft beer market will run in the other direction simply because of who brews it, but I’d probably still give it a crack.

See the catalogue here.

Woolworths

Sensible: Lipton Ice Tea, 1.5L, $2.90, save $2. Just one more product I know I could make myself, but probably won’t. Great alternative to soft drink on a hot day.

Indulgence: OGX Shampoo and Conditioner range, half price $11.50. Are these good shampoos? Good enough for a supermarket line. However, the range is so big you should probably find something that suits and they look pretty good on the shelves all lined up together if that counts for anything.

See the catalogue here.

Are you cutting back on your weekly supermarket shop? What are some of the some of the shocking price rises you’ve seen? Why not share your experience in the comments section below?

Read also: What older Aussies are still buying despite rising costs. And what they’ve cut

Jan Fisher
Jan Fisherhttp://www.yourlifechoices.com.au/author/JanFisher
Accomplished journalist, feature writer and sub-editor with impressive knowledge of the retirement landscape, including retirement income, issues that affect Australians planning and living in retirement, and answering YLC members' Age Pension and Centrelink questions. She has also developed a passion for travel and lifestyle writing and is fast becoming a supermarket savings 'guru'.

8 COMMENTS

  1. Shocking price increase? This is just one I particularly happened to notice as we like our creamed rice dessert in this house. Home brand (Woolies and Aldi – both) Creamed rice. I bought just the usual can one week @ 99 cents – a good price. went next week for another, surprise! Price is now $1.49 !!
    I said to myself, I’ll wait till next week. The next week when I was in there, Whammo!! Price now $1.69!!! WTF? Price increases of 30% each week? Total price increase of 70% !!!!!
    Beats the inflation rate of 6% by a few laps of the field

  2. One that springs to mind – 4L tin of olive oil (Moro brand) was $29 in Woollies about 12 months ago. Then it was $32. Now it’s $43. The brand of butter I’ve bought for years was $5 per tub before the pandemic, now it’s $7.50.

  3. As Coles and Woolworths are ripping off us Australians we now need to show them that enough is enough.
    All the people is Australia should stop purchasing food etc from Coles and Woolworths one OR two days per week – all at the same day.

    Let us all stop going to these supermarkets on Tuesdays and Wednesdays at all the Coles and Woolworths in Australia. We must show them our disapprovals.

    Vote with our feet and shop elsewhere – Aldi and / or Cosco and / or IGA

    Coles and Woolworths are ripping us off so lets rip them off.

    Lets join the protests.

  4. Fluffy Duck, we’ve bought Australian Cobram Estate ìolive oil from Aldi for years. Not sure of the current price but lasts time 3 litres was $24. There’s also a better chance with a local product that it’s unadulterated.

    My peeve is the increasingly poor, lazy and misleading labelling byì the two major supermarkets. Now in Woolies you have to lift the labels of many products to see the prices. When lower cost products are sold out both Coles and Woollies leave the price labels in place and move dearer items, sometimes with the same brand name into the same slot. The descriptions are too small to read especially when they are placed low. These practices are close to deceptive trading.

  5. I laugh when I read about supermarket increasing prices of 8%. Rubbish! Cans of soup on special – half price for $2.25. Normal price a year ago was $2.30! A cake I used to buy in Coles – was $9. Now $14. I used to buy small tins of John West Tuna – always stocked up for $1.30 a tin – now they are $2.70. A dog food item I used to pay $1.40. They are now $2.70. I shop firstly at Aldi, then IGA. Only Coles and/or Woolies as last resort, or if they have an item I want on special. I cannot remember the last time I bought vegetables or fruit at a supermarket – luckily I have a weekly farmers market where I can buy 3 bags of different items for $5. Supermarket has pawpaw at $7.99 a kilo – market I can buy 3 whole pawpaws for $5.
    No wonder their profits are raking it in for share holders. Pity about the customers.

  6. No article ever seems to consider that not everybody can travel comparing prices. Public transport in regional areas isn’t up to Sydney standards – nor do we have the same number of shops in the first place.
    And if you add mobility issues…!

  7. Hi
    Not only have woollies put up prices but also many of there “home brand “ products are not available like their coffee whitener or ice cream since Covid started forcing people to buy more expensive products some with less contents like their coffee whitener 500 gr compared to coffee Mate 400 gr
    Also they seem to not have enough SPECIAL items in stock forcing people to buy dearer products

  8. Totally agree with everyone,’ Coles & Woolworths are ripping us off. We buy from Aldi or Costco to get reasonable prices most of the time. Coles charges more and most of the time you have to serve youtself at the checkout.

FROM THE AUTHOR
- Our Partners -

DON'T MISS

- Advertisment -

MORE LIKE THIS

- Advertisment -

Log In

Forgot password?

Don't have an account? Register

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.