Article 5YE6C Shelf shock: soaring supermarket prices shoppers find hard to swallow

Shelf shock: soaring supermarket prices shoppers find hard to swallow

by
Sarah Butler
from on (#5YE6C)

From dog food to coffee, readers are reporting some basic goods' prices are rising by far more than inflation

Inflation is rampant, and supermarket prices are no exception. Shoppers are returning to stores to find old favourites have leapt in price from one week to the next. The cost of consumer goods is spiralling at such a rate that retail analysts have coined a new term, shelf shock.

Nestle, the owner of KitKat, Haagen-Dazs and Felix cat food, became the latest consumer goods group to warn of more pain to come on Thursday, saying it had raised prices by 5.2% in the first three months of this year and that rising production costs would force another increase soon.

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