06-10-2022, 01:09 PM
PUBLISHED WED, OCT 5 20224:00 PM EDT UPDATED AN HOUR AGO
Su-Lin Tan
https://www.cnbc.com/2022/10/05/australi...iners.html
Su-Lin Tan
- Food prices are rising at one of the fastest rates among consumer goods in Australia. Costs of fruit and vegetables rose 18.6% in August compared to a year ago, according to the latest update by the Australian Bureau of Statistics.
- Australia, like many countries, is battling record-high inflation. Annual inflation in August has risen to 6.8% from just under 2% before the pandemic.
- The east coast floods this year exacerbated price increases pushing up the price of a head of lettuce to nearly A$12 a head.
https://www.cnbc.com/2022/10/05/australi...iners.html