New data from Deakin University has exposed what shoppers have long suspected - about how expensive staple food products have become in supermarkets. Their analysis has been released at the same time as major supermarket chain Coles has announced a record increase to its annual profits.
The annual Deakin University analysis of food prices has confirmed some of that pressure is coming from the grocery aisle.Research fellow at the University's Institute for Health Transformation, Dr Christina Zorbas, says increases were found across the board, including with staple items.
"We've known for a really long time that things have been getting really bad for people trying to get access to food, let alone affordable food but I think we were tipped off to it quite a while back even more than a year I suppose when people on payments were coming off, back to their normal rates after COVID and when there were supply chain issues the first thing that people started to notice going up was a lot of canned food and frozen foods, which is a staple that a lot of people...
It's hard not to notice how expensive certain foods and products have gotten in stores, but it begs the question - why is this happening?"The general story out there is that prices are accumulating across the supply chain in terms of transport and inputs into manufacturing and production. And then the supermarket's are passing those on to consumers.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
University funding plan is a game-changing own goalForcing higher education to tax itself to fund Australia’s advanced research is a nonsensical non-starter of an idea.
Read more »
‘Tone deaf’: MPs call for University of Sydney to return gambling research moneyIndependents Zoe Daniel, Andrew Wilkie and others say university’s Centre of Excellence in Gambling Research’s funding from casino and gambling companies should be scrapped
Read more »
Stan Grant resigns from ABC and four-decade media career for university roleFormer Q+A host appointed professor of journalism and inaugural director of Constructive Institute Asia Pacific
Read more »
‘Bring back the tutorial’ and train uni students how to think: O’KaneEmployers want university graduates to be equipped with strong “generic” skills rather than technical ones.
Read more »
Radical super changes and new baby boom: Lambie urges reform to mitigate ageing populationThe Albanese government is facing calls to minimise the effects of a massive ageing population by incentivising child birth and radically changing superannuation.
Read more »
Qld declared the ‘new heart of football’ as Matildas given keys to the cityThousands of roaring fans in Brisbane were treated to a final performance by the Matildas after a record World Cup run that’s set to be captured in a new statue.
Read more »