The second Albanese Government initiated CHOICE quarterly report into supermarket prices has been released today, giving consumers facts about where to get cheaper prices.
Funded for three years by the Albanese Labor Government, the CHOICE report gives Australians accurate data on how to get the cheapest groceries.
To compile the report CHOICE visited 104 stores across Australia including Aldi, Coles, Woolworths and IGA.
The report has found that Aldi once again had the cheapest basket of goods, with the price of CHOICE’s basket falling from the previous quarter.
The Albanese Government is taking a range of actions to make sure Australians are paying a fair price at the checkout and Australian suppliers are getting a fair price for their goods.
This follows the ACCC announcing legal action against Coles and Woolworths for misleading consumers through discount pricing claims on hundreds of common supermarket products.
This week the Albanese Government also released the Draft mandatory Food and Grocery Code for Consultation which will mean supermarkets could face significant penalties if found to be breaching the Code.
Other actions the Government is taking includes:
- Commissioning the ACCC to investigate competition in the supermarket sector to get better prices for shoppers.
- Making the Food and Grocery Code mandatory. We released the exposure draft for consultation this week. We will introduce legislation this year. This will see big supermarkets subject to multi-million-dollar penalties for serious breaches
- Funding CHOICE reports for another three years, with the next due in December 2024, in time for Christmas
- Progressing the most significant merger reforms in Australia in almost 50 years
- Working with the states and territories to revitalise National Competition Policy
The average basket price for Aldi, Woolworths, Coles and IGA nation‑wide was:
- Aldi: $50.79 (with and without specials)
- Woolworths: $68.70 (without specials), $68.37 (with specials)
- Coles: $69.91 (without specials), $66.22 (with specials)
- IGA: $78.95 (with specials)