Everyone would have noticed over 2022 how grocery prices were moving higher and higher every time you went shopping.
One woman told me her weekly grocery bill had climbed from $400 to $700 and that was 6 months ago.(up 75%).
It looks to me that the price increases are now accelerating.
Inflation appears to be way above the published rate of 7.3% for Q3 2022.
I went to Aldi this week and did my fortnightly shopping only to find that prices have taken a huge leap in the last 3 months and particularly since the start of 2023.
Happy New Year everyone!
It is now evident that inflation is NOT slowing down, contrary to RBA and economist projections.
None of these economists ever lived through the inflation crisis of the late 80s so they have no idea how to understand or even tame this beast.
Here are some examples of price increases for regular items which I purchase from Aldi and Coles.
I have provided the prices I paid 12 months ago, as well as price increases since then, and the most recent price increases as of today.
The worst example is a 100% increase in a 1kg pack of frozen vegetables in Aldi.
The least is a 9% increase in an 800g pack of Coleslaw in Aldi though the identical pack increased by 33% in Coles. No doubt some price gouging and manipulation going on with the major supermarkets.
Feel free to add your own examples.
Aldi Value Frozen Vegetables were $1.49 a year ago, then $2.29 3 months ago. Now $2.99 (up 100%)
Aldo tinned soups up from $1.59 just 6 months ago to $1.98 in Dec 22 and now $2.99 (up 88%)
Aldi Coleway Authentic Mayonnaise was $2.79 only 3 months ago, now $3.99 (up 43%)
Aldi while sandwich bread. Was $1.29 a year ago. Then $1.49 6 months ago. Now $1.79 (up 39%)
Aldi 1kg Cheese block was $6.49 a year ago. Up to $8.90 just 3 months ago. (up 37%)
Robert Timms 200G Coffee was $8.00 just 6 months ago. Now $10.70 (up 34%)
Aldi 140g Toothpaste. Was $1.50 a year ago. Now $2.00 (up 33%)
Aldi /Coles 2L Milk was $2.40 a year ago. Then $2.60 6 months ago. Now $3.10 (Up 29%)
Uncle Tobys Plus 790g cereals have gone from $7.00 12 months ago to $8.80 now (up 26%)
Aldi Silver Scoop ice cream was $3.99 a year ago, then $4.49 in Dec 22. Now $4.99 (up 25%)
Aldi 1kg hash browns were $2.70 3 months ago. Now $3.30 - if you can find them. (Up 22%)
Aldi Joi 1kg fruit yogurt was $3.19 in Dec 22. Now $3.69 (up 16%)
Aldi 10 pk Choc coated vanilla ice cream sticks were $2.90 in Dec 22. Now $3.30 (up 14%)
Aldi 1kg frozen white fish pieces. Was $7.99 in Dec 22. Now $8.99 (up 12%)
Aldi 800g Coleslaw (same as Coles) was $5.50 just 3 months ago. Now $6.00 (Up 9%)
Coles 800g Coleslaw (same as Aldi) was $6.00 just 3 months ago. Now $8.00 (Up 33%)
And its not limited to just grocery items either….
Goods I have purchased recently
Ikea Lagan Kitchen tap was $35 just 6 months ago. Now $49 (Up 40%)
Kmart 200W bagless vacuum cleaner was $45 just 6 months ago. Now $52 (up 15%)
She seems like a reliable source. I call BS on her.