Coles and Woolworths have both been slammed by consumer advocacy group Choice for hiking prices amid the ongoing cost-of-living crisis.
This year the two major supermarkets both received Shonky Awards, an annual list that recognises the worst products and services of the year.
More than 60 per cent of a nationally representative sample said in September that they believed price increases across the two supermarkets were not simply due to higher costs. “We’re acutely aware of the pressure that’s being placed on Australian families through cost-of-living increases, whether they are our customers or our team members,” they said.
Coles has defended the higher prices in store, claiming it only makes $2.60 for every $100 a customer spends. Picture: NCA NewsWire / Naomi Jellicoe“This ensures we can continue to employ more than 120,000 Australians, partner with more than 8000 suppliers and farmers, support local communities and continue to invest in value for the millions of customers who visit our stores every week,” they said.
Only 18 and 17 per cent of respondents felt Coles and Woolworths respectively were doing all they could to keep prices down. Picture: NCA NewsWire/Tertius Pickard
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