Rising grocery prices are pushing up inflation. Here is why bread, milk and mince are costing more

If you've walked away from the check-out lately feeling like you've paid a lot for a handful of basic items, your instincts are spot on.

Grocery prices really have gone up and on Wednesday, the Australian Bureau of Statistics (ABS) released the data to prove it.

It showed food and non-alcoholic beverage prices jumped a whopping 9 per cent in the year to September, helping push the overall inflation rate to 7.3 per cent, the steepest annual rise in 32 years.

When the ABS calculates its inflation rate, it does so by measuring the price of a basket of goods and services.

Read More: https://www.abc.net.au/news/2022-10-30/why-cost-of-groceries-is-going-up/101585744