Reserve Bank warns of rising food prices amid supply issues
Food prices in Australia are projected to rise due to ongoing supply issues from the war against Iran, warned Reserve Bank chief economist Sarah Hunter on Wednesday. Beef prices have surged 13 percent and milk by 10 percent since last year. Despite lower petrol prices, households will likely face increased expenses for essential goods.
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Published 08 Jul 2026, 13:00 UTC · Updated 08 Jul 2026, 13:10 UTC
Summary by OZbrief Editorial. Original report: SMH. Editorial policy · Corrections
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