Home Lifestyle Woolworhs announces a big step to alleviate the cost of living crisis

Woolworhs announces a big step to alleviate the cost of living crisis

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Woolworths will freeze commodity prices by the end of the year to help customers raise the cost of living.

Food inflation across the country began to rise late last year, and while it initially affected mainly meat and imported products, it has since risen and affected almost all categories.

The price of vegetables has risen sharply: some Australian supermarkets charge up to $ 10 for a salad due to a shortage caused by poor growing seasons and floods on the East Coast.

Camera iconWoolworths will freeze commodity prices by the end of the year. Supplied Credit: NCA NewsWire
Prices for groceries
Camera iconThe decision was made to help customers with higher cost of living. NCA NewsWire / David Heratti. Credit: News Corp Australia

This has forced the retail giant to freeze prices on Woolworths brand products and essential trolley items such as flour, sugar, canned tomatoes, frozen peas, chicken, washing powder and dishwashing detergent.

In an email that will begin circulating among customers on Thursday, Woolworths Group CEO Brad Banducci said the average family spends more than $ 200 on groceries and necessities a week.

“We know this is a significant part of weekly home budgets,” he said.

“As we all tend to have inflation problems, rest assured that the entire Woolworths team is committed to making sure you can always earn your Woolies.”

Prices for groceries
Camera iconThe cost of food is growing rapidly in Australian supermarkets. NCA NewsWire / David Heratti. Credit: News Corp Australia

Mr Banduci advised customers to be creative and shop seasonally, look for the Woolworths logo on the packaging and use the fuel discount when refueling the car to save money.

Last month, Woolworths cut the price of more than 300 products under the “Prices for Winter” program. These included fried meats, medicines for colds and flu, soups, coffee and pet food.

Prices for groceries
Camera iconWoolworths Group chief Brad Banducci said the average family spent more than $ 200 on groceries and necessities a week. NCA NewsWire / David Heratti. Credit: News Corp Australia

https://thewest.com.au/business/woolworhs-announces-big-move-to-ease-cost-of-living-crisis-c-7168631

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