Newsagents are starting to see product prices increase thanks to a sustained low Australian dollar. What some thought might be a short-term drop, the low dollar appears to be settled considerably lower than where it sat at August last year. The graph, from x-rates.com, tells the story. While many of our suppliers who source products from overseas would have hedged their exposure, that only lasts so long and this is probably why we are seeing price increases.
Newsagents who sell imported goods, and that is most of us, need to factor rising prices into our inventory replenishment plans. Sure we can sell items for more – timing is the issue here where some could be disadvantaged.