Ingham’s had already raised the price of chicken by 8.5 per cent in the final six months of 2022. Further price hikes would see consumers,who are already dealing with the highest cost of living pressures in two decades,fork out more for their usual grocery shop or a meal out.
For Ross Kemp,the boss of Sydney burger chain Super Nash Brothers,this means having to absorb even more costs after seeing the price of a kilo of chicken jump from $8.50 to $12 within a year.
“The cost of everything has gone up,” Kemp told this masthead. “The biggest thing is power for us,but chicken comes a close second ... It’s gone up considerably.”
In that time,the price of Super Nash Brothers’ popular ‘sando’ has only risen from $16 to $17,though it has had to raise prices on other menu items to protect margins.
Food inflation rose by9.2 per cent over 2022,the biggest increase since 2006. Basic pantry staples,from oils to milk,cereal,cheese,bread and eggs saw double-digit rises over the year.
Woolworths,McDonald’s and KFC have been contacted for comment.