Coles announces a MAJOR increase to the price of milk – as a cost of living crisis grips Australia


Coles announces a MAJOR increase to the price of milk – as a cost of living crisis grips Australia

  • Aussies to pay more for milk amid rise in cost of packing and transportation
  • Price of Coles home-brand varieties will increase by up to 60c
  • Supermarket said decision top increase the price of milk not taken lightly
  • Coles said it is now paying dairy farmers more for their product 

Coles says it has been forced to increase the price of its milk due a rise in the cost of packaging and transportation.

The price of Coles Brand Fresh White Milk 3L will increase by 60c while 1L bottles will increase by 25c and 2L bottles will cost an extra 50c. 

Milk is the latest victim of Australia’s cost of living crisis with households forced to pay exorbitant prices for groceries, petrol and electricity. 

Coles Chief Commercial Officer Leah Weckert said the decision to increase the price of its home-brand milk varieties had not been taken lightly. 

Aussies will pay more for milk at Coles with the home-brand varieties to surge by up to 60c (pictured, a woman shops in Sydney)

Coles says it has been forced to increase the price of its milk amid a rise in the cost of packaging and transportation (pictured, bottles of Coles homebrand milk)

 Coles says it has been forced to increase the price of its milk amid a rise in the cost of packaging and transportation (pictured, bottles of Coles homebrand milk)

‘Raising prices is never something we do lightly, however the increased supply chain costs we are seeing, including higher payments to dairy farmers and processors, have necessitated these increases on Coles Brand milk products,’ she said. 

MAJOR INCREASE TO PRICE AT MILK AT COLES:

The price increases are as follows: 

Coles Brand Fresh White Milk 1L – $1.60 (increase from $1.35)

Coles Brand Fresh White Milk 2L – $3.10 (increase from $2.60)

Coles Brand Fresh White Milk 3L – $4.50 (increase from $3.90)

Coles Brand UHT White Milk 1L – $1.60 (increase from $1.35)

‘The feedback we’ve received from farmers and processors following the recent increases in farmgate and wholesale prices has been very positive, and we hope customers will help us continue to support them by purchasing their great quality Australian milk.’

Coles said it is now paying dairy farmers more for their product with the price hike to be passed on to other businesses, namely restaurants and cafes. 

Michael Hampson, CEO of dairy co-operative Norco which supplies Coles Brand milk in Northern NSW and Southern Queensland said farmers were facing pressures from the rising cost of production. 

The chief executive said with farmers still recovering from the floods that recently devastated the region the price hike would make a huge difference. 

The latest inflation figures show a 4.3 per cent increase for food prices for this year to March.  

The increase comes after Bunnings announced on Wednesday their iconic sausage sizzle would see a $1 price hike.

A snag and bread will cost punters $3.50 instead of $2.50 after community groups saw a decline in money being raised for charity.

The rising costs of key ingredients such as meat, bread, onions, sauce and oil meant volunteers were struggling to make a profit on the sizzles.

Punters will pay an extra $1 from Saturday, July 23 with the price hike to affect more than 300 Bunnings stores across the country. 

The price of Coles Brand Fresh White Milk 3L will increase by 60c while 1L bottles will increase by 25c and 2L bottles will cost an extra 50c (pictured, bottles of milk in a Perth supermarket)

 The price of Coles Brand Fresh White Milk 3L will increase by 60c while 1L bottles will increase by 25c and 2L bottles will cost an extra 50c (pictured, bottles of milk in a Perth supermarket)

From August 1, Coles, Woolworths, Aldi and IGA are due to hike prices on hundreds of goods as suppliers of processed and packaged goods face increased costs

From August 1, Coles, Woolworths, Aldi and IGA are due to hike prices on hundreds of goods as suppliers of processed and packaged goods face increased costs

From August 1, Coles, Woolworths, Aldi and IGA are due to hike prices on hundreds of goods as suppliers of processed and packaged goods face increased costs.

Inflation surged to 5.1 per cent in March in the previous 12 months, due to higher dwelling construction costs and fuel prices.

It is expected to rise again on July 27, on the back of an expected 50 point inflation rate rise due this week.

Coles reported inflation of 3.3 per cent across prices in the latest quarter, with Woolworths reporting a jump of 2.7 per cent.

The overall cost of living crisis looks set to worsen in coming months with petrol prices set to increase in September when the temporary fuel excise ends.

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