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Cost of Living Crisis Threatens Australia’s Most Beloved Food

by News
November 29, 2023
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The rising cost of living has hit one of Australia’s most beloved foods, as highlighted by a shopper who recently discovered its new “sale” price.

“It’s nearly 10 bucks for Vegemite now? And this is a low price?” questioned DarkLake, a user on the Australian Reddit page, alongside a photo showing 560g jars (1.23 pounds) of Vegemite priced at $9.40 (US$6.24) at Woolworths.

Vegemite is a thick, dark brown Australian food spread made from leftover brewers’ yeast extract with various vegetable and spice additives.

The product in the photo is part of Woolworths’ latest campaign to address the cost of living pressures as it draws closer to the Christmas and New Year holidays.

The social media post has attracted heated discussions from people feeling the pain of inflation.

“What used to be cheap army rations is now a luxury item,” one user commented under the post, referring to the history that Vegemite was included in Australian Army rations during World War II.

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“According to finder.com, this was $8 in 2017, so that’s about 2.7 percent per year inflation which is about right, maybe even too low,” another said.

“The minimum price for literally…

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