Australia has experienced a recent surge in prices throughout supermarkets, and the Minister for Small Business has highlighted the importance of seeking economic alternatives and supporting small businesses amid the cost of living crisis.
Australian supermarkets have experienced a substantial increase in pricing, which can be attributed to higher wholesale, energy and transportation costs.
Small business owner Jai Hoinville, from catering business Tapasman, said that without local support, most small businesses could not continue to run.
“Lots of small businesses are family run, and usually the owner is the operator,” he said.
“Without the support, we don’t really have a job.”
According to the Australian Bureau of Statistics, food prices increased by 7 per cent within a year.
As this price increase sends concern throughout communities, it also presents an opportunity for local businesses to demonstrate themselves as accessible and economical alternatives.
Minister for Small Business, Victor Dominello, said that small businesses have faced many challenges over the years, and highlights the importance of supporting them as they continue to demonstrate resilience.
“Small businesses are the lifeblood of local communities and pivotal to the prosperity of our state,” he said.
Wollongong’s Crown St Markets provides consumers with an opportunity to take part in the shift towards supporting small businesses. Held each Thursday 5-9, and Friday 8-3, the markets provide street food, fresh produce, live music and gifts. Regular stall holders and small business owners Bronson Powell and Jai Hoinville have discussed the importance of attending local markets and supporting stall holders, as an alternative to shopping at big chains.