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Coles reveals latest cost-of-living savings

Supermarket giant Coles is bringing back its Flybuys-member discount pricing. Here’s how you can save.

Coles supermarket and Australian money notes.
Supermarket giant Coles is bringing back its Flybuys-member discount pricing. (Source: Getty)

Coles is bringing back its Flybuys-member discounts this week, as shoppers feel the pinch from rising grocery prices and cost-of-living pressures.

The supermarket giant will be slashing the prices on more than 20 grocery staples for the next month, including chicken schnitzels, yoghurt and school lunchbox items, and will nearly double the number of everyday products shoppers can save on.

It comes as around a third of Aussies use loyalty programs, such as the Coles Flybuys program or Woolworths Everyday Rewards, to help ease the strain on their household budgets.

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“These discounts on a wide range of products, from dinner essentials like RSPCA Chicken Breast Schnitzel to lunchbox favourites, make it even more valuable to scan your Flybuys instore at Coles during the weekly shop,” Coles chief executive of commercial and express Leah Weckert said in a statement.

“We have seen our customers turn to rewards programs in these hard times to help them save, for anything from kitchen products to overseas trips.”

According to Flybuys, some savvy shoppers have saved more than $1,000 off their Coles grocery shop over 12 months by using the program and maximising offers.

Grocery prices surge

Supermarket prices at Coles and Woolies surged 9.2 per cent over the year to December, while the annual inflation rate hit 7.8 per cent.

Woolworths customers were hit with bigger price increases at 9.3 per cent, according to research by UBS, while Coles customers saw a 9.1 per cent increase.

In another cost-of-living initiative, Coles has “dropped and locked” the prices of more than 300 supermarket staples until after the Easter weekend on April 11, including popular brands like Kellogg’s, Kleenex, Uncle Toby’s and McCain.

Woolworths also introduced a similar price-freeze program last year, which it did not extend. However, a spokesperson said the supermarket was committed to keeping prices down.

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