Wednesday, June 28, 2023

High Australian food inflation with rises in all essential household goods and services.

Food and non-alcoholic beverages prices rose 7.9 per cent in the 12 months to May.

"The main contributor to this increase was Meals out and takeaway food which increased from 7.3 per cent in April to 7.7 per cent in May, as higher costs of ingredients, rents, utilities, and wages were passed on," Ms Marquardt said.

Price rises for Food products not elsewhere classified (+11.5 per cent), Bread and cereal products (+12.8 per cent), and Dairy and related products (+15.1 per cent) were also significant contributors to the increase.

https://www.abs.gov.au/media-centre/media-releases/monthly-cpi-indicator-annual-rise-56-may-2023

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