Yahoo Finance Coles and Flybuys drop instant discounts
Coles is launching Flybuys Member Prices this week, giving Aussies “instant discounts” of up to $10 on grocery staples like mince meat, cooked chooks, coffee and cereal.
From Wednesday, Aussies can save an extra $1, $2, $3, $5 or $10 off selected products, including meat, cheese, yoghurt, juices, coffee and cereal, by swiping their Flybuys cards.
This is the first time Coles is giving customers instant discounts on products through Flybuys and the savings will be on offer throughout November.
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To nab a discount, customers can look out for the ‘Flybuys Member Price’ symbol across stores.
It’s the latest cost-of-living discount from the supermarket.
Earlier this month, Coles dropped and locked the prices on 150 household products until January 31, 2023.
Shoppers can save between 10 and 40 per cent on popular brands including Steggles, Kleenex, Golden Circle, Kellogg’s, Bulla, Pepsi and Masterfoods.
In August, Coles also locked the prices of 1,168 products, including mince, eggs, cheese and bread.
Competitor Woolworths also reduced the price of more than 400 grocery staples until November 29, 2022, and introduced a ‘price freeze’ on almost 200 everyday essentials until the end of the year.
Grocery prices spike
It comes as grocery prices continue to rise. Earlier this month, investment bank UBS found food inflation increased 8.3 per cent at Woolworths and 8 per cent at Coles for the July-September quarter.
This was up from 5.6 per cent for Woolworths and 5.5 per cent for Coles for the previous quarter.
Fruit and vegetable products have seen the biggest price increases, according to the latest inflation data from the Australian Bureau of Statistics.
Fruit and vegetable prices rose 16.2 per cent in the year ending September, while dairy products increased 12.1 per cent.
Overall, inflation increased 7.3 per cent annually, the highest level since 1990.
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