Grocery prices have increased an average 5.3% across Countdown stores over the last year, as suppliers increased prices, the supermarket chain says. In the past six months Countdown’s grocery prices rose an average 3.6%, on top of a 1.7% increase six months before, 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. Unknown/Stuff Spencer Sonn, the managing director of Woolworths NZ says it isn’t the supermarkets fault prices are so high.

Source: Stuff May 03, 2022 04:29 UTC