Sahar Mourad
Money & Banking

ALDI announces price hike

ALDI supermarket announced up to 20-50 per cent price hike on almost 400 of their products.

The German retailer announced that hundreds of products including meat, sausages and butter would be “significantly more expensive”.

An ALDI Germany spokesman said the rising costs are due to the Russia and Ukraine war which have caused manufacturing costs to go up. 

But what does this mean for Australia? 

An ALDI Australia spokesperson said they will commit to ensuring prices are reasonable if there were a hike.

“While we can’t speak to the specific challenges in our European operations, we can confirm that even if prices on products do increase locally we are committed to keeping them as the lowest in the market for our Australian customers,” the spokesperson said.

“Every aspect of Aldi in Australia was built to withstand inflationary pressure, from our smaller format stores to our carefully curated private label range of groceries.

“It is our unwavering priority to continue to have the lowest prices on high-quality products, no matter what happens in the world around us.”

Image: Shutterstock

Tags:
ALDI, Australia, Germany, price hike, groceries, Russia, Ukraine