Australians being bitten by cost of living pressures are in for more bad news - the chicken schnitzel is about to become the latest victim of spiralling inflation. 7NEWS
The country’s biggest chicken provider Ingham’s has already begun discussions with its customers to prepare forWatch the video above for more on this storyChicken is traditionally the cheapest meat on the market, but Ingham’s says poultry prices will begin to rise immediately and continue to do so for the next 12 months.
Floods, poor growing conditions, staff shortages, the ongoing war in Ukraine, and rising cost of fuel are all partly to blame. Nine out of 10 Australians surveyed by consumer group CHOICE say their household budget has come under increased pressure over the past year as the cost of living crisis continues to bite.ABS head of prices statistics Michelle Marquardt said a 1.8 per cent rise in the June quarter inflation was the second-highest quarterly increase since the introduction of GST, bested only in the report three months earlier.
“Fewer grant payments made this quarter from the federal government’s HomeBuilder program and similar state-based housing construction programs also contributed to the rise.
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