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Cost-of-living pressures mount as Woolworths backs wage increase

(Source: Supplied)
Between inflation hitting a 13 year high at 5.1 per cent and the Reserve Bank’s decision to increase Australia’s official cash rate to 0.35 per cent – the first increase in 11 years – the growing cost-of-living crisis is likely about to get worse for everyday Australians.  Supermarkets have already been impacted. At Woolies, about 40 per cent of its suppliers are pushing for a price increase to their products. The chain is currently in negotiations with a further 20 per cent of supp