ALDI Australia boss Tom Daunt sees evidence of housing correction as shoppers cut costs; reveals new strategy coming to ramp up recycling

ALDI Australia chief executive Tom Daunt says the low profile supermarket chain has added $23 billion to the Australian economy since setting up shop here in 2001 and challenging the might of traditional giants Woolworths and Coles. 

In a rare interview, Mr Daunt said a commissioned report from advisory firm PriceWaterhouseCoopers found ALDI has contributed to significant price deflation which is saving shoppers $2.2 billion a year. 

Mr Daunt told ABC's Peter Ryan that Aldi is planning to ramp up its climate change policy to move to greater recycling of products with an announcement set for the coming months.  

LISTEN TO MY INTERVIEW WITH TOM DAUNT

ALDI Australia chief executive Tom Daunt (supplied by ALDI)