The new trend affecting Aussies as the cost of living increase
Australians have already been paying more at the petrol station and supermarket, but now those rising costs are impacting their lunch boxes.
Technology business Square has collected data from restaurants and cafes across the country, declaring that a “lunchflation” trend has emerged among popular meals.
The average price of sushi has jumped 27% year over the last 12 months, while kebabs are 15% more expensive than last year.
Looking squarely at Australia’s major cities, the average price of sandwiches and burgers are up by 28 and 14% respectively.
“Supply chain issues are definitely a contributing factor here; Omicron definitely. We’ve seen floods in northern NSW and Queensland affect the supply of goods as well,” Mr Birney said.
“What we’re seeing with ‘lunchflation’ is indicative of some broader challenges that are happening in the external environment.”
While the average price of salads and sandwiches is down from last year, they still cost 9 and 6% more respectively than they did in March 2020.
At their peak over the last two years, sandwiches and salads were 29 and 20% more expensive respectively.
“Those items particularly have seen the most fluctuation over that two-year period,” Mr Birney said.
“It was interesting to look at sandwiches and salads and to see the extent to which they drastically increased in that first year and then tapered off.”
While many Australians are struggling with the cost of living right now with the Covid pandemic and crisis in Ukraine, Mr Birney encouraged people to still support their local restaurants and cafes where they could.
“Certainly with the price increases that’s probably driven some people to be a little more mindful about their lunch options,” he said.
“But we certainly think that small businesses deserve the support if we can provide it given the hard times they’ve gone through over the last couple of years.”
Image: Getty