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Australian supermarkets are passing on the pressure to increase prices to consumers
.
.
Beef and lamb prices at Coles and Woolworths have risen, with meat 4.
5 times more expensive than chicken
.
5 times more expensive than chicken
.
According to reports, retail beef prices are up more than 4 percent from last year
.
.
Australian Bureau of Statistics figures compiled by Thomas Elder Markets show the retail price of beef in the final quarter of 2021 was $24.
87/kg, up $1/kg from the first quarter of last year
.
87/kg, up $1/kg from the first quarter of last year
.
The retail price of mutton rose only marginally over the same period, from A$18.
49/kg to A$18.
53/kg
.
49/kg to A$18.
53/kg
.
Since 2000, the average retail price of beef has risen by 134%, from A$10.
59/kg in 2000 to the current A$24.
87/kg, while the price of lamb has increased by 176%, from A$6.
70/kg to A$18.
53/kg/kg kg
.
59/kg in 2000 to the current A$24.
87/kg, while the price of lamb has increased by 176%, from A$6.
70/kg to A$18.
53/kg/kg kg
.
Matt Dalgleish, analyst at Thomas Elder Markets, said that beef and lamb prices have been relatively stable over the past 20 years.
The average price of beef is about 1.
3 times that of lamb, but chicken prices are increasingly competitive.
Last quarter's benchmark retail price was $5.
59/kg
.
The average price of beef is about 1.
3 times that of lamb, but chicken prices are increasingly competitive.
Last quarter's benchmark retail price was $5.
59/kg
.
"The price of lamb is currently 3.
3 times that of chicken, and the price of beef is almost 4.
5 times that of chicken," he said
.
3 times that of chicken, and the price of beef is almost 4.
5 times that of chicken," he said
.
Australia's major supermarkets have raised prices again after raising prices last year in response to tightening margins
.
.
Over the past six months, Woolworths' porterhouse steak has risen from $37/kg to $41/kg, up $9/kg from March last year
.
.
The beef mince rose from A$15/kg to A$16/kg, an increase of A$4 from March last year
.
.
Coles' porterhouse steaks are up just 50 cents from six months ago
.
It is now $37.
50/kg, up from $32/kg in March last year
.
.
It is now $37.
50/kg, up from $32/kg in March last year
.
The price of regular minced beef was A$13/kg, up from A$12/kg in July last year
.
.
"We are working closely with our supply partners to address price pressures on red meat across the market," a Woolworths spokesman said
.
.
"We regularly review pricing and promotion plans and ensure we are competitive in the market
.
"
.
"
Meanwhile, in August last year, Aldi's three-star minced beef dropped from $1/kg to $9.
99/kg, while Jindurra Station minced beef dropped from $22.
99 to $19.
99 a kg
.
99/kg, while Jindurra Station minced beef dropped from $22.
99 to $19.
99 a kg
.
Aldi has since increased prices again and now retails for $10.
99/kg for minced beef and $21.
99/kg for porterhouse beef
.
99/kg for minced beef and $21.
99/kg for porterhouse beef
.
An Aldi spokeswoman said the Covid-19 pandemic had created challenges, including staff shortages
.
.
"We are committed to providing the lowest possible market prices even given the pressures in our supply chain and the increased costs that necessitate higher prices," she said
.
.