Grocery bills could rise as suppliers struggle

By Mozo ·

Australian consumers could be hit with higher grocery bills as the full impact of the flood disaster is felt.

Retail giant Coles noted that supermarkets are struggling to keep up certain fruit and vegetable stocks in the wake of the floods, suggesting that prices may go up as a result.

Indeed, speaking to the AAP, Coles spokesman Jim Cooper noted that the supply chain is still affected, particularly as large areas of Victoria remain flood-bound.

The comments came as the news agency revealed that prices have gone up by an extra $1 per kilogram for broccoli and capsicums, by a couple of dollars for sweet potatoes and up to an extra $2.50 for Queensland roma tomatoes.

Consumers concerned about rising costs and their own spending power can choose to compare debit cards and other money products in search of the best options. Commenting on the issue of price rises, Woolworths chief executive Michael Luscombe said that any food inflation was currently minor and that the supermarket would only import produce to replace flood-damaged food "as a genuine, absolute last resort".

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