australian grocery prices outstrip wage growth as woolworths posts $1.1b profit

21 DAYS AGO 08:02 · 31 Aug 2026

australian grocery prices outstrip wage growth as woolworths posts $1.1b profit

Grocery prices in Australia rose 8.5 per cent over the 16 months to July 2026, outpacing a wage growth rate of 3.3 per cent for the year to March, according to consumer research company Canstar and the Australian Bureau of Statistics.

Woolworths reported a headline profit of $1.1 billion, while Coles reported a full-year profit of $1.1 billion, ABC News reports.

Prices are up and more pain is likely at the supermarket check-out If you feel like grocery prices have gone up over the past year, it's because they have. Research shows a typical grocery bill at Woolworths last year was $213.89, while in 2026 the same items cost $232.02, up 8.5 per cent. abc.net.au

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