Tag: inflation

Inflation impacts shopper brand loyalty

Two-thirds (65%) of Australians have revealed inflation and the rising cost-of-living have made them leave brands they were previously loyal to in order to save money, according to new research by customer...

Woolworths makes progress in post-Covid trading environment

Woolworths Group reported sales of $16.4 billion in F23 Q1, up 1.8 per cent on the same period last year. In its Australian food business, sales were below the prior year (down 0.5%...

Strong spending continues despite cost-of-living challenges

Retail sales continued to strengthen in August, with trade increasing 25.1% compared to the same month last year, according to the latest Mastercard SpendingPulse. Sales are also up 27.4% compared to pre-pandemic...

July sales strengthen, but cost of living a concern

Retail sales continued to strengthen in July with trade increasing 17.9% compared to the same month last year, according to Mastercard SpendingPulse. Most retail categories recorded substantial year on year sales growth as...

Inflationary pressures mount

The Consumer Price Index (CPI) rose 1.8 per cent in the June 2022 quarter and 6.1 per cent annually, according to the latest data from the Australian Bureau of Statistics (ABS). The quarterly...

Food, grocery manufacturing costs are key for June inflation

The peak industry body for Australia’s food and grocery manufacturers, the Australian Food and Grocery Council, warns unrelenting cost pressures on the sector could drive annual inflation close to seven per cent...

Frugl unveils Grocery Price Index

Australian grocery comparison app Frugl Grocery has launched a comprehensive analysis of grocery prices in Australian supermarkets. Released quarterly ahead of the Consumer Price Index (CPI), the Frugl GPI is said to track...

Increase in interest rates ‘will be the end for many small businesses’

Retailers have accused the Reserve Bank of Australia Board of moving too quickly to increase interest rates on 7 June, saying the “heavy-handed” approach has not allowed time for last month’s increase...
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