A Woolworths supermarket in Sydney displayed an organic Eye Fillet Steak priced at $7500 per 100kg, causing confusion amongst shoppers. While Woolworths attributed it to a typo, consumer expert Joel Gibson argued that the system should prevent such errors, particularly given the lack of practical application for such a large quantity purchase. He also pointed out that this labelling potentially violates the Unit Pricing Code.
The incident highlights the broader issue of rising grocery costs impacting Australian families. Finder's Consumer Sentiment Tracker reveals that 42% of Australians experience financial stress due to grocery bills, more than double the percentage from three years prior.
To combat increasing prices, experts suggest several strategies: