Grocery giant warns food, staples prices rising, with more increases to come

Australia's Woolworths warned Wednesday that food prices are rising due to fuel and fertilizer cost pressures, with more increases expected over the next year. The supermarket giant will freeze prices on 300 private-label items for three months starting Friday. Chief executive Amanda Bardwell said the company aims to be transparent about inflation while balancing supplier costs against household budgets.

Summary by Glance · SMH