Footage of shoppers in a frenzy after free fruit was offered at bustling Sydney market has perfectly summed up Australia’s cost of living crisis.
Data released by the Australian Bureau of Statistics showed the price of groceries is up 5.3 per cent annually and it is expected to rise further.
Fruit and vegetable prices were up 6.7 per cent, with some products — including staples like lettuce — soaring to ridiculous prices amid shortages.
So when lychees were on offer at the CBD’s Paddy’s Market, it led to dozens of shoppers clamoring over crates to get their fix.
It came as new research revealed supermarkets are forcing many people to overspend, costing households an extra $1,200 each year.
A survey of more than 2000 Australians found about two in five people frequently overspend their food budget and 82 per cent now splurge up to $200 on their weekly grocery shop.
The research, conducted by meal kit delivery service HelloFresh, also found 71 per cent of respondents were worried food items would continue to become more expensive.
Last month, Red Rich Fruits Managing Director Matthew Palise said rising prices have been brought on by a “perfect storm”.
Rising fuel prices, a tripling of fertilizer costs and a countrywide labor shortage have both hit farmers hard as competition ramps up.
A torrential rain season on the east coast — and general disruption from the pandemic — have also contributed to skyrocketing prices.
Mr Palise said they are currently selling off mandarins for between $2.50-$3.50 per kilogram, and has recommended shoppers on a budget go for what’s in season.
Mr Palise said sweet potato, onions, pumpkin and pink lady apples are currently some of the best value for money fruit and veg at the moment, but also reassured the market would ease going into the warmer months.
“You’ll see an easing into spring, especially on the higher priced produce like berries,” Mr Palise told news.com.au in July.
“It won’t go back to pre-pandemic prices, but there is relief on the way.
“My advice to shoppers is to buy local, spot the specials.”
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