🐂 Not all bull runs are created equal. November’s AI picks include 5 stocks up +20% eachUnlock Stocks

Aldi remains Australia's cheapest supermarket, Choice survey reveals

Published 27/09/2024, 10:42 am
© Reuters Aldi remains Australia's cheapest supermarket, Choice survey reveals
WOW
-

The latest survey from consumer advocacy group Choice has again anointed Aldi the most affordable supermarket in Australia, with the German grocery giant outpacing Coles and Woolworths by a considerable margin.

Despite minor price fluctuations, the survey found that Coles and Woolworths remain nearly identical in pricing, while Aldi's competitive edge continued to attract more cost-conscious shoppers.

Household staples surveyed

The survey, which compared prices across 104 supermarkets, found that an average basket of 14 common grocery items at Aldi costs A$18 less than at its major rivals.

In the survey, Aldi's basket amounted to A$50.79, with the Woolworths goods less affordable at A$68.70 and the Coles basket bringing up the rear at A$69.91.

IGA, often seen as a more premium option, was the most expensive, with a basket priced at around A$78.95.

Items such as apples, carrots, sliced white bread, flour, pasta, sugar, tea bags, tinned tomatoes, cheese, milk and beef mince were tested in the survey.

The difference between Coles’ and Woolworths’ affordability remained small, though it widened from A$0.75 in March to A$1.21 in June.

Government-commissioned initiative

The survey, part of a federal government initiative to enhance transparency in the sector, also examined price variations when special offers were included.

The report comes during a period of heightened scrutiny of supermarket pricing practices, with the Australian Competition and Consumer Commission (ACCC) taking legal action against Coles and Woolworths over allegations of misleading promotions.

The grocery sector has faced mounting pressure as households continue to grapple with rising costs of living.

Choice’s next supermarket pricing survey is expected to be released in December.

Read more on Proactive Investors AU

Disclaimer

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.