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The New Daily
The New Daily
Business
Matthew Elmas

Mixed news for Coles customers as profits and prices rise

Coles Steven Cain Gary Mortimer Inflation
Vegetable prices are starting to fall, bringing some relief to shoppers. Photo: Getty

Supermarket chain Coles had good and bad news for households on Wednesday after posting a 4.3 per cent uplift in annual profits to $1.04 billion.

The bad first – Coles hiked prices 3.8 per cent in the six months to June, with essentials like baked goods and veggies being the hardest hit.

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