According to data released by the Australian Bureau of Statistics, the cost of groceries rose by 3.6% in 2005, above the 2.8% inflation rate. This trend was mirrored in the December quarter, with the consumer price index showing a rise in the cost of food of 1.8% when the rate of general inflation was just 0.5%.


The rise in food prices can be attributed to an increase of 6.8% in the cost of vegetables and 5.8% increase in the price of fruits. Dairy products saw large increases, with consumers paying 6.2% more for cheese by the end of the year while milk prices rose by 5.9% throughout the year.


However, the price of lamb and mutton declined by 2.5% and food additives and condiments were 1.7% cheaper, providing minor offsetting price falls.


According  to the Bureau, adverse weather conditions were responsible for the increasing cost of fruit and vegetables, while higher fuel prices affected a number of food categories including milk, bread, restaurant meals and take away and fastfoods.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.