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Grocery facts don’t support the rip-off narrative

Food prices are up 18 per cent in Australia since the pandemic. It sounds like a lot, but is less than most other major countries.

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The big supermarket owners are far from perfect. But if it is rising prices that the government’s food and grocery review is trying to fix, it may well prove a waste of time.

Because while grocery prices are up strongly in Australia since the start of the COVID-19 pandemic, the increases are materially less than other major markets, including the United States, UK and New Zealand.

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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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    Original URL: https://www.afr.com/chanticleer/grocery-facts-don-t-support-the-rip-off-narrative-20240111-p5ewia