More than three-quarters of Australians are expecting their grocery bills to spike by up to 75 per cent this festive season, new research has revealed.
ALDI Australia’s latest survey of 1,035 adults also found a further seven per cent expect their bill to at least double.
Australians spent $14.16 billion on groceries in September — about $535 per person, according to Australian Bureau of Statistics.
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A 75 per cent increase would increase grocery spend by about $401 per person.
With cost of living expenses mounting, ALDI says 80 per cent of respondents said they would be looking at ways to stretch their budget further.
More than 24 per cent, 4.7 million Australians, agree they need to cut grocery costs but do not want to compromise on quality this Christmas.
“Our latest research confirms that more and more Australian shoppers are looking for ways to be savvy with their spending as we head into one of the most expensive times of the year,” ALDI managing director Jordan Lack said.
“Although half of the population are still planning to celebrate big this Christmas, they’re doing so with one eye fixed on their back pocket.”
Lack encouraged customers to consider switching supermarkets to take the pressure off during the festive season.
Meanwhile, Woolworths and Coles have dropped prices on more than 1,000 essential buys in the lead-up to the big day.
The supermarket giants say the price cuts aim to help customers save during the cost of living crisis.
“There are lots of ways to spend less and we know customers are looking for more specials and offers,” Woolworths Supermarkets Managing Director Natalie Davis said.
“We encourage our customers to look for our catalogues and check out our specials online to find even more value in their shop.”
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