"Global food prices have hit the highest level in over a decade...

"Global food prices have hit the highest level in over a decade after rising by more than 30% in the last year, the United Nations Food and Agriculture Organization (FAO) says.

The agency's figures highlighted the soaring cost of cereals and vegetable oils around the world.

Vegetable oil prices hit a record high after rising by almost 10% in October.

Disruptions to supplies, high commodity prices, factory closures and political tensions are helping to push up prices.

" https://www.bbc.com/news/business-59172665

Interesting to look at housing 16.8 June 2020 June 2021, sheep, cattle, goats all up...... https://www.mla.com.au/prices-markets/
Fuel, gas... 90% is the kicker I think. OPEC and Russian news today is making price rises far more likely.


Reserve bank hear has pulled one silly target yet has not admitted defeat? Bank rates are clearly already rising "Australian banks lift fixed interest home loan rates despite RBA keeping official rate at record low. Reserve bank expects to raise the cash rate in 2024 but says it could start to creep up earlier if inflation and wages growth pick up"


There will be losers and survivors. Historic low interest rates are about to blow