Finder’s personal finance expert Taylor Blackburn said: “As the dollar loses value, it becomes more expensive to manufacture food, and those price hikes are then passed along to consumers.”

Groceries aren’t just more expensive for the sake of it but that doesn’t mean Aussies aren’t feeling the burn.

“Millions of households are starting to feel the effects on their hip pocket with the latest quarterly figures from the ABS revealing food and alcoholic beverages have gone up by 8 per cent,” he revealed.

It also important to note that while inflation is at 7 per cent, some grocery items have inflated well beyond that.

Brodie Haupt, CEO and co-founder of digital lender, WLTH explained: “According to an April UBS report, food and grocery prices at Coles and Woolworths rose by an annualised 9.6 per cent with staples like dairy and meat up at least 10 per cent,” he revealed.

Full Article: News.com.au