Shoppers react to increasing grocery expenses: "This is not normal, it's not fair"
- Replies 11
Australians' grocery prices have been soaring - in some cases as much as doubling - as inflation hits a two-decade high, and true inflation may be far higher.
The Westpac-Melbourne Institute monthly consumer mood survey for May shows financial worry returning to levels last seen in August 2020 when Melbourne fell back into lockdown, causing a new round of panic shopping at supermarkets.
Mortgage-stressed Aussies may go bankrupt as they juggle rising grocery and power costs, with electricity prices predicted to double in the next year.
According to a Daily Mail Australia study of supermarket buyers, cost of living pressures have increased due to floods and the Russian-Ukrainian war pushing petrol prices back towards $2.
The following are comments made by various customers:
Inflation is rising at the quickest rate in twenty years, causing Aussies to pay $400 for groceries. Credit: Daily Mail Australia.
Monique's shopping bill at Woolworths was $100.55 for a simple purchase that would have cost $40 not so long ago.
"Honestly, I'm dying. There was nothing, just some snack food – chips, chocolate, strawberries," she said. "I didn't even get the other essential goods."
"This is not normal. It's not fair."
If Monique had gone all out and done a complete shop, it would have cost her somewhere in the range of $300 to $400.
On the other hand, a married couple named Nour and Michael stated that the growing consumer costs and stagnant pay growth prevented them from purchasing a property.
"There's not even a chance for us to think about it," said Nour.
Michael added: "I always wanted to buy, but whatever money you have doesn't take you that far anymore."
Now, he views "purchasing a property" as a life sentence in the sense that if the interest rate increases by 0.25 percentage points, you are already at risk of losing your house. This is one of the reasons why he no longer recommends it.
Many consumers have confessed that they stretch their budget when shopping for food. Credit: Daily Mail Australia.
Tina said that buying the ingredients for an Italian rice dish for a family of five pushed her grocery bill into the triple digits.
The mum had only purchased a few ingredients for her son's risotto and it already cost her $138.
She also buys fruits and vegetables in bulk and on special to save money on grocery bills. This, however, makes her previously weekly shopping more frequent. She now goes to the supermarket three or four times a week just to keep her grocery bill as low as possible.
"Before I used to go to one place to do my shopping, but now things have changed," she said. "Now, I make three or four trips a week. It's time-wasting."
Margaret, an aged pensioner, has also been compelled to do some price comparison shopping in order to secure the greatest deals. She stated that "when you're on a pension, you've got to do what you've got to do."
Margaret stated that she spent $22 at Coles to buy herself four meals, with a significant portion of the bill being paid for by sheer good luck when she won $20 at bingo.
"I’ve got baked beans and spaghetti in there, little tins. That was only $5 worth. So that’s less than $2.50 for a meal on toast," she said.
Bronwyn said she has seen 'poverty' as rising costs compel older adults to choose between bills and food. Credit: Daily Mail Australia.
As part of her job at an elderly care facility, Bronwyn goes grocery shopping for the clients. She stated that many of her customers were having trouble affording the basic necessities.
"It’s really sad. I’m seeing real poverty," she said.
"People can’t even afford to buy food. They’re on the pension, they’re paying rent, and they’re not even buying food. They are living off tin stuff. And I think they are getting that from support services – they aren’t even buying that."
Bronwyn mentioned that she had recently returned from a trip to the grocery store with a customer who has a better financial situation than the majority of the people she works with; nonetheless, the customer was still unable to purchase fresh meat on her budget.
What do you think, members? Are you also experiencing the effects of the growing cost of groceries?
Check out one of our articles here if you're looking for some thrifty advice on how to cut costs and save some cash.