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.
and Coles climbed even higher in the December quarter to an average of 9.2 per cent across those three months, accelerating from an average of 8.2 per cent in the September quarter, research by UBS shows.
Dry grocery items price rises also advanced in the December quarter compared with the 7.8 per cent inflation rates in the September quarter for that segment. UBS found that in the month of December food inflation reached 9.4 per cent, above the average for the December quarter, as momentum gathered pace in the lead-up to Christmas.
Inflation was slightly higher at Woolworths in the December quarter at 9.3 per cent, compared with 9.1 per cent at Coles.found that Coles That study led by analyst Evan Karatzas found that dairy prices were up 14 per cent in the December quarter compared with a year ago, with cheese leading the advance with a 24 per cent price increase. Butter prices were up 18 per cent and white milk was up 14 per cent.
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