Chanticleer

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.

Jan 11, 2024 – 11.43am

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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.

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.