Supermarket prices up 9.2 per cent in final months of 2022
The cost of living crisis continues to accelerate with new figures showing how much grocery bills rose in the last months of 2022.
Newly-released data shows supermarket prices rose 9.2 per cent overall in the final quarter of the year - up from an 8.2 per cent increase the previous quarter.
Investment bank UBS tracked 60,000 different products from Coles and Woolworths, and found steep price rises among popular food groups.
AUSTRALIAN OPEN: Djokovic tosses de Minaur from Australian Open
Grocery prices are on the rise around Australia. Getty
Dairy prices rose by 14 per cent, led by a 24 per cent surge in cheese.
Butter prices also rose 18 per cent.
Meat prices overall lifted 10 per cent, with pork up 16 per cent and lamb up 10 per cent.
READ MORE: Two dead after car rolls, bursts into flames during police pursuit
Fruit and vegetable prices, which had lifted earlier in the year due in part to the repeated flood crises in eastern Australia, remained stable.
With rising grocery prices linked to high inflation across Australia, experts are saying the numbers are unlikely to deflate any time soon.
READ MORE: Sydney petrol prices plunge after record highs
Sign up here to receive our daily newsletters and breaking news alerts, sent straight to your inbox.
Share a tip-off, video or photo with us
