Coles drops prices on 500 grocery items

Coles is slashing the prices on hundreds of products for the next three months. (Source: Getty/Coles)

Coles is slashing the prices on more than 500 products for the next three months, as Aussie shoppers battle with the rising cost of living.

From today, a range of staple breakfast, lunch, dinner, pet, cleaning and household products will be on sale, as part of the Aussie supermarket’s ‘Great Value, Hands Down’ campaign.

Coles estimates the price drops will save Aussie shoppers an average of 19.7 per cent across a basket of products.

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“This campaign is all about making it easier for our customers to find value across the store and online,” Coles CEO Leah Weckert said.

“We know cost of living continues to be the number one concern for Australians right now so we’re making our biggest investment in value for at least three years.”

A recent Coles survey found 90 per cent of Aussie customers had made choices and changes to lower their grocery bills, including cutting back on meats and treats, buying more frozen food, using online shopping, and swiping their loyalty cards.

Woolworths also announced a similar savings campaign last week, dropping the prices of more than 450 products as part of its seasonal Prices Dropped for Spring program.

It follows Coles posting a net profit of $1.09 billion for the 12 months to June 2023 - up 4.8 per cent. Meanwhile, Woolworths announced a $1.62 billion net profit - up 4.6 per cent.

What’s on sale?

Mince meat, chicken tenders, frozen fish, canned tuna, juice, biscuits and household cleaning products are among the products on sale at Coles.

Additional ‘Down Down’ products include:

• Coles RSPCA Chicken Mince 500g (was $6.50, now $5.50)

• Coles Lamb Whole Lamb Leg Roast (was $12 kg, now $10 kg)

• Mission Corn Chips 230g (was $4, now $3.50)

• Cub Biodegradable Fragrance Free Baby Wipes 80pk (was $2.40, now $2.00)

• Old El Paso Spice Taco Mix 30g (was $3, now $2.40)

• Chobani Yoghurt Pouch Strawberry 140g (was $2.50, now $2.15)

• Schmackos Strapz Dog Treats Beef-Liver & Chicken 500g (was $16, now $10)

• Finish Ultimate Plus 64pk (was $73, now $36.50)

• Palmolive Naturals Body Wash Milk And Honey 1L (was $12, now $8)

• Scotch Fillet Thin Cut 400g (was $19, now $16)

• Coles RSPCA Chicken Breast Kiev Garlic Butter 700g (was $9.50, now $8.50)

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