Shoppers face supermarket price rises

Friday 27 August 2010

Article by Mozo

Woolworths has warned that the price of food containing wheat, sugar and dairy products is set to rise across Australia.

The warning comes after a year of low level inflation when the supermarket chain was able to cut the price of 4,400 of the 25,000 items on its shelves, the Herald Sun reported.

However, Woolworths chief executive Michael Luscombe said he could not promise a repeat this year given the recent sharp rises in wholesale prices.

Such news may interest Aussies looking to compare debit cards in search of the best spending tools. According to the Herald Sun, sugar's wholesale price hit a five-month high last week while grain prices have hit record highs because of drought in Russia.

Meanwhile, retail giant Coles announced earlier this week it will not be putting its grocery prices online.

The supermarket chain said that after reviewing a range of options for online grocery pricing, it had concluded that customers are happy with what is currently provided through Coles Online, catalogues and advertising.

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