BEEF and lamb retail prices have trended starkly against most other food commodities in quarterly consumer price index data released today by the Australian Bureau of Statistics.
Latest ABS data for the September quarter clearly shows that softening cattle and sheep prices are beginning to have an impact on the price of red meat at the retail level.
Episode 3 analyst Matt Dalgleish reports that the beef CPI indicator shows prices falling by 1.2 percent between the second and third quarter this year (see graph below), while the lamb CPI indicator has showed an even greater deflationary…
