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Posted: 2023-07-19 20:30:00

The cost of groceries has risen substantially over the last year. Food and non-alcoholic drinks rose by 7.9 per cent in the year to May, with biggest increases in dairy products (15.1 per cent), breads and cereals (12.8 per cent) and processed foods (11.5 per cent).

Meat costs rose by 3.8 per cent, but the absolute increase was high, with a kilo of fillet steak costing up to $60 for a kilogram.

Australians spend around 15 per cent of their weekly food budget on meat and half that (7.4 per cent) on dairy products.

About 43 per cent of householders say grocery prices are a cause of financial stress, with half trying to reduce spending.

So how can you save money on meat and dairy products without skimping on nutrients?

Meat

Meat is a good source of protein, iron, zinc and vitamin B12.

Recommendations are for a maximum of three serves of cooked lean red meat a week. This includes beef, lamb, veal, pork, or kangaroo, with a serve being 65g cooked, which equates to 90–100g raw. This means purchasing 270–300g per person per week.

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