ACCC Chair Graeme Samuel «called for a reality check in the debate
around food inflation and the dominance of two players in the grocery market, when he addressed the National Retail Forum in Melbourne today.»
Not exact matches
It's likely Ontario's restaurant
food inflation will continue to rise, he said, as price - sensitive restaurateurs realize they did not increase prices enough initially or learn they did not account for the costs of other new legislation, including new rules
around vacation and holiday pay.
CPI
inflation in year - ended terms should stay in a narrow range
around this profile over much of the forecast horizon, though volatility in oil and
food prices over the past year will continue to have some effect on the year - ended figures in future quarters.
Around much of Asia, interest rates are below
inflation rates, and in several cases even below
inflation measured excluding
food and energy.
Excluding
food, consumer price
inflation is drifting higher, though it remains modest at
around 1 1/4 per cent.
Having reached a trough of
around 1 per cent in late 2003, core CPI
inflation (which excludes the volatile
food and energy components) increased to 2.3 per cent over the year to March (Graph 5).
Despite the recent media scare
around soaring
food prices, Kantar Worldpanel still expects grocery price
inflation to be held to
around 4 % by the year - end.
Many large estates were bought not to produce
food but simply as a hedge against
inflation, which hovered at
around 1000 per cent until mid-1994.
This reversion cost the taxpayers only two million dollars, just a little more than the original
Food Pyramid which has been
around since 1992, and cost the taxpayers 1.4 million
inflation - adjusted dollars.
This may not occur until closer to the middle of the year, when the Bank of Japan decides to provide more financial support for the expansion in addition to extra insurance
around its 2 %
inflation goal (excluding fresh
food and the retail sales tax).