Coles Group boss Steven Cain warned that prices at the checkout would continue to rise amid a “high and steady stream of requests” from suppliers to lift them further, as the company said September-quarter food inflation hit 7.1 per cent.
Supply problems from farms in flood-affected areas were adding to the price pressures.
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Carrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com
