Inflation's Perfect Storm: How Australia's Economic Woes Are Just Beginning The Reserve Bank's chief economist has sounded a warning about food prices, which should concern Australians beyond just the rising cost of petrol.
The fallout from the war against Iran is rippling through farms to grocery distribution systems, pushing up costs for essentials like beef, lamb, and milk.
This is part of a broader trend where major supply shocks have become more common and more disruptive over the past two decades.