Inflation spiral: food prices could yet rise higher and may never come down

Concerns are growing over the effects of a warming climate on production and the danger of high grocery prices getting embedded into Australia’s economy

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Food prices have been rising rapidly and there are reasons to fear they will push even higher. Economists warn some prices might never come down.

The ominous outlook is linked to drought conditions wilting crops in major grain-producing nations, disrupted grain deliveries out of Ukraine and moves by governments to ban food exports to protect their own supplies.

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