Grocery bills up $3000 a year, new report shows

New figures out this morning reveal a concerning rise in grocery bills, with Australian families paying on average $3000 a year more at the checkout.

The report from SEC Newgate found compared to 2022, the price of everyday items like olive oil, eggs, juice and sugar had increased exponentially today.

It showed Coles supermarkets had an increase of 36 per cent in the past three years, the highest compared to Woolworths and Aldi, which saw a 30 and 26 per cet increase respectively.

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Olive oil was the worst hit product, up in price 60 per cent in the three years, because of a global shortage and two litres of milk had gone up $1 in three years.

A loaf of bread now costs $4.50, compared to $3.70 in 2022, with media commentators suggesting this grocery price pain is going to be a contentious topic with the upcoming election.

Treasurer Jim Chalmers is preparing a pre-election budget to be handed down next Tuesday, with all eyes on whether that will include more cost of living relief for families, particularly in the form of energy rebates.

What items have you seen skyrocket in price at the supermarket? Let us know