Milk, cheese prices increase at fastest pace in decades as consumers shop around for bargains

The price for milk, yoghurt and cheese has jumped 15 per cent. (ABC Southern Queensland: David Chen)

Some of the main staples in Australian grocery baskets have had their sharpest price increases in decades over the past year, according to the Australian Bureau of Statistics.

Prices for milk, yoghurt and cheese are up almost 15 per cent from the same time last year.