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Heinz baked beans up 28%: The supermarket staples set to cost even more

·3-min read
Cash and Heinz baked beans
Inflation is hitting your supermarket staples and prices are only expected to rise higher. (Source: Reuters)

Canned goods are traditionally some of the best value items you’ll find in the supermarket but inflation is hitting your tinned spaghetti hard.

Brand name baked beans, canned spaghetti and red kidney beans have crept up by around 25-36 per cent, according to new data from grocery comparison site Frugl.

Expect to pay $3.20 for a 555g can of Heinz baked beans in tomato sauce in Coles and Woolworths, up from around $2.50 since March last year. This represents a 28 per cent increase since March last year.

A can of Watties baked beans in tomato sauce has also increased by 28 per cent to $2 from $1.55 last year.

However, the price of Coles and Woolworths brand canned staples - baked beans and spaghetti - remained the same price, according to the analysis of NSW stores.

Meat has also spiked in price.

An eight-pack of basic beef sausages increased to $11.85 from $10, representing a 17-20 per cent rise.

The price of beef rump steak also jumped to $3 from $2.70 per 100 grams from this time last year.

While harder to calculate, due to seasonal complications, Frugl also reported an increase in some fresh produce.

A bag of brushed potatoes edged upwards by around 18-20 per cent, a whole butternut pumpkin was up 13-20 per cent and a bag of valencia oranges increased by around 15 per cent.

Joel Gibson from One Big Switch said these increases could really start to add up.

“If you're buying, for example, lots of soft drinks, instant coffee, and canned foods like baked beans and spaghetti, then those things have gone up quite steeply,” he said.

Why your shopping is getting more expensive

Gibson said there were several factors behind your ballooning grocery bill, including high petrol prices, which had driven up the cost of transporting goods around, and global supply chain issues, driven by the pandemic and the war in Ukraine.

The recent floods just added fuel to the fire, driving up the cost of fresh produce.

Gibson warned the worst was yet to come.

“All the factors driving up prices are still in place at the moment,” he said.

Gibson has a few tips for keeping grocery bills down:

  • Avoid ‘shrinkflation’: Pay attention to unit pricing, which compares products based on their actual weight.

  • Plan meals before hitting the aisles: And don’t shop hungry!

  • Shop at more than one supermarket: This way, you can “pick the eyes” out of the deals.

  • Shop at discount stores occasionally: Stock up on non-perishable items cheaply by buying in bulk.

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