OPINION: Coles CEO Steven Cain says the iceberg lettuce is back around $3 a head - but he is not predicting an overall moderation in food inflation before 2023.
the Fed chairman will stress the bank’s commitment to containing US inflation via higher interest rates.
The direction of energy and petrol prices has been a fundamental driver of the pace of inflation ever since. The signs aren’t promising even if the price of petrol has fallen considerably in the past few months and the US, unlike Europe, doesn’t have to rely on imports of Russian gas.In the OECD, the UK is the standout example of the inflationary impact of energy prices exacerbated by extreme labour shortages.
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