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By Himanshi Akhand and John Biju
(Reuters) - Australian supermarkets are set to report stronger full-year earnings as decades-high inflation propped shelf prices, but outlook on consumer behaviour with rising borrowing costs and expenses would be key, according to analysts.
Top supermarket chains Woolworths Group and Coles Group are expected to post higher annual profit, according to analyst estimates, as shoppers opt against out-of-home consumption and cut costs amid spiralling living expense...
>>> Read more: Aussie grocers to reap upbeat profits on sticky inflation; consumer behaviour key
(Reuters) - Australian supermarkets are set to report stronger full-year earnings as decades-high inflation propped shelf prices, but outlook on consumer behaviour with rising borrowing costs and expenses would be key, according to analysts.
Top supermarket chains Woolworths Group and Coles Group are expected to post higher annual profit, according to analyst estimates, as shoppers opt against out-of-home consumption and cut costs amid spiralling living expense...
>>> Read more: Aussie grocers to reap upbeat profits on sticky inflation; consumer behaviour key
