Notably, REH says the 'product inflation dynamic' in 2H 22 was circa 28 per cent in the USA and nine per cent in Australia.
This is much higher in the USA than official inflation and a fair whack above what the ABS with its 'basket' suggests in Oz, so they're worrying figures, and they take some of the edge from stated sales growth.
Ann: FY22 Investor Presentation, page-3
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