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Shoprite hikes prices by more than 9% amid spiralling food inflation, load shedding costs

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Shoprite, which owns brands such as Checkers, has passed on a 9.4% increase in selling prices to consumers.
Shoprite, which owns brands such as Checkers, has passed on a 9.4% increase in selling prices to consumers.
Arisa Schamrel

Shoprite hiked its prices by an eye-watering 9.4% in the last half of 2022 - and analysts expect similar increases from other retailers, as they battle high food prices and the soaring costs of load shedding.

Woolworths, the only other large food retailer to bring out a trading update this year, hiked its prices by "only" 6.8% in the same period as it fought for market share.

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