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Food inflation is a bigger issue than oil and the Reserve Bank knows it

Cocoa and rice prices have jumped sharply as weather shocks and higher oil costs feed inflation that the Reserve Bank says it cannot ignore.

You can ask people to forego a holiday to ease inflation, but the Reserve Bank driving up interest rates so some have to skip meals is Dickensian.

4 Articles

Sydney Morning HeraldSydney Morning Herald
+3 Reposted by 3 other sources
Lean Left

Food inflation is a bigger issue than oil and the Reserve Bank knows it

You can ask people to forego a holiday to ease inflation, but the Reserve Bank driving up interest rates so some have to skip meals is Dickensian.

·North Sydney, Australia
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Sydney Morning Herald broke the news in North Sydney, Australia on Wednesday, October 21, 2026.
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