Rising food prices to stoke CPI

Original article by Sue Mitchell
The Australian Financial Review – Page: 1 & 8 : 19-Oct-18

Consumers have been told to expect to pay more for their weekly food bill, due to factors such as the weaker Australian dollar, higher fuel prices and drought-related crop shortages. Food prices at Coles increased for the first time in almost 10 years in the September quarter, while the major supermarket chains have indicated that they are prepared to pass on supply-driven price rises in food categories such as chicken and bread. Meanwhile, National Party MP Llew O’Brien has called for a royal commission into Coles and Woolworths over what he claims is their failure to support farmers during the drought.

CORPORATES
COLES SUPERMARKETS AUSTRALIA PTY LTD, NATIONAL PARTY OF AUSTRALIA, WOOLWORTHS GROUP LIMITED – ASX WOW, AUSTRALIAN FOOD AND GROCERY COUNCIL, INGHAMS GROUP LIMITED – ASX ING, RESERVE BANK OF AUSTRALIA, AUSTRALIAN BUREAU OF STATISTICS

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