Coles posts 3.4 per cent rise in sales for third quarter

Sky News Business Reporter Edward Boyd says there is “evidence of deflation” in Coles’ latest sales figures.
Supermarket chain Coles has reported a 3.4 per cent increase in sales in the third quarter to about $10 billion.
“Apples, avocadoes and lamb are apparently contributing to deflation in the economy,” Mr Boyd said.
“They did say prices increased 2.2 per cent in the third quarter, but the same quarter a year ago, prices increased 6.2 per cent.
“You can see evidence of deflation in Coles’ numbers.”

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Labor allowing

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