THE latest Consumer Price Index (CPI) data from the Australian Bureau of Statistics, released today, shows food inflation slowing in the June quarter.
Rabobank senior food retail analyst Michael Harvey said “Food inflation is at 1.6 per cent for March to June (unchanged from the last quarter), and 7.5 per cent year-on-year – slowing down from last quarter at 8 per cent”.
Mr Harvey (right) said high input/production costs are still fuelling food inflation – both for restaurants and grocery shopping.
“Restaurant meals inflation has slowed down in the last quarter to 6.5 per…
