Floods drive up fruit and veg prices, while energy costs will prolong high inflation
- Written by: Michelle Grattan, Professorial Fellow, University of Canberra
Fruit and vegetable prices are expected to be 8% higher than they would have been over the December and March quarters as a result of the floods, according to budget figures released by Treasurer Jim Chalmers.
And inflation, still forecast to peak at 7.75% in the December quarter, is set to stay higher for longer, largely because of energy prices.
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Read more: Floods drive up fruit and veg prices, while energy costs will prolong high inflation
