EPISODE · Feb 27, 2024 · 3 MIN
Supermarket price pain rocks shoppers as Coles HY profit bounces to $594 million
from Peter Ryan_ABC News Soundcloud · host Peter Ryan
Financial pain from high inflation and surging interest rates continues to force supermarket customers to trim household budgets to make ends meet. Supermarket giant Coles says two-thirds of shoppers surveyed last month are in distress and they worry about how to pay the rent or mortgage. The news comes as Coles posted a softer half year profit of $594 million. Reporter: Peter Ryan, Senior Business Correspondent Featured: Leah Weckert, Coles chief executive
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Supermarket price pain rocks shoppers as Coles HY profit bounces to $594 million
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