Coles and Woolworths food prices rise by 9.6 per cent in past year, outpacing inflation rate
Analysis by investment bank UBS finds food prices at Australia's major supermarket chains have risen at a faster rate than inflation.
Source: abc.net.au
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NUF ASX: Nufarm shares jumped as it announced a lift in the dividend and solid profits, with demand for canola, sorghum and sunflower seeds rising fast.
Canola, sorghum and sunflower seeds are in huge demand around the world and ASX-listed Nufarm is making big money from it.
Source: afr.com
Fresh food prices spike in March: UBS
March inflation headed back to its peak due fruit and vegetable prices, according to UBS price tracker data across the two major supermarket chains.
Source: afr.com
Supermarket food inflation eases in February
Average prices for food at Coles and Woolworths is up 8.8 per cent in February, below January at 9 per cent, according the data from UBS.
Source: afr.com
Woolworths and Coles food prices were up an average of 9.2 per cent in the December quarter says UBS.
The hip pocket pain for shoppers worsened near the end of the year in a UBS study of prices of 60,000 items at the supermarket giants.
Source: afr.com