High food prices becoming ingrained in Australian economy, analyst warns

Economic data shows food and beverage prices still rising faster than long-term average, even as inflationary pressures easeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastHigh food prices are now embedded in the economy, a retail analyst has warned, after new inflation data released on Wednesday.Egg prices surged 11% last year, and the cost of cooking oil is up 7%; lamb prices have jumped 17%, while shoppers are paying about 6% more for fruit and vegetables. Beer prices have lifted by 4%.Sign up for Guardian Australia’s breaking news email Continue reading...

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Jan 29, 2025 - 22:22
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High food prices becoming ingrained in Australian economy, analyst warns

Economic data shows food and beverage prices still rising faster than long-term average, even as inflationary pressures ease

High food prices are now embedded in the economy, a retail analyst has warned, after new inflation data released on Wednesday.

Egg prices surged 11% last year, and the cost of cooking oil is up 7%; lamb prices have jumped 17%, while shoppers are paying about 6% more for fruit and vegetables. Beer prices have lifted by 4%.

Sign up for Guardian Australia’s breaking news email Continue reading...

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