Grocery prices have increased an average 3.6% across Countdown stores over the last year, as suppliers increased prices, the supermarket chain says. In the three months to March Countdown’s grocery prices rose an average 3.6% compared with the same period a year earlier, parent company Woolworths said in a statement to the ASX on Tuesday. “Total sales increased by 3.8% despite lower item growth, with average prices increasing 3.6%.”The value of e-commerce sales lifted 18.3%. Dairy and meat prices were high, there were increased freight costs and fruit and vegetable prices were also higher due to challenging agricultural conditions. Correction: Countdown’s average sales increased 3.6% for the quarter, not 5.6%.

Source: Stuff May 03, 2022 11:07 UTC