Consumers Upset by Food Prices as Inflation Becomes ‘Frustratingly Elevated’: Woolworths Boss

Consumers Upset by Food Prices as Inflation Becomes ‘Frustratingly Elevated’: Woolworths Boss
Coles Sydney CBD store, Sydney, Monday, July 2, 2018. Woolworths says it will hand out free reusable bags for the next 10 days as its customers get used to its ban on single-use plastic bags. AAP Image/Peter RAE
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Consumers are becoming increasingly frustrated with the soaring food prices and interest rates, Australia’s largest supermarket chain says.

Woolworths Chief Executive Brad Banducci said there are signs of overall inflation moderate in food, while inflation in many areas has been stubbornly elevated. He said the group needed to continue working hard to provide customers with value.

Nina Nguyen
Author
Nina Nguyen is a reporter based in Sydney. She covers Australian news with a focus on social, cultural, and identity issues. She is fluent in Vietnamese. Contact her at [email protected].
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