Consumer, Julie-Anne French posted 2 receipts from Coles and asked to tell why the price of butter hikes by 22 per cent.
News.com.au reports that COLES has confirmed it has hiked the price of its own-brand butter by more than 20 per cent, after a sharp-eyed customer noticed the difference when comparing two receipts.
Hi. Can you pls tell me why the price of butter has gone up up, the price is up? These receipts are one week apart.. Julie-Anne French wrote on the Coles Facebook page and shared 2 receipts.
The first receipt lists Coles 500g butter for $3.60 and the second receipt shows the price as $4.40, an increase of 22 per cent.
Coles is committed to reducing the average cost of our customers' shopping baskets as we have been doing since 2008. Coles answered However, due to changing world commodity prices and a significant cost increase from our supplier, we have increased prices for Coles Brand Butter and Butter blends to reflect the higher cost.
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