Inflation, wage growth: why your groceries are getting more expensive

The Morning Edition

English - February 24, 2022 04:59 - 22 minutes - 20.9 MB - ★★★★ - 14 ratings
Business News News Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: Voters cast doubt on government's 'sunny days' message

Next Episode: 'Nothing is unthinkable any longer': Ukraine invasion's foreboding warning

This week, the heads of major supermarket chains Coles and Woolworths both issued dire warnings over the rising cost of groceries.

With COVID wreaking havoc on global supply chains and the Ukraine crisis driving oil prices back up, inflation is back on the menu, and wage growth is failing to keep pace.

Today on Please Explain, Senior economics correspondent Shane Wright joins Dominic Powell to discuss the issue of rising inflation and its impact on our weekly shop.

Subscribe to The Age & SMH: https://subscribe.smh.com.au/

See omnystudio.com/listener for privacy information.

This week, the heads of major supermarket chains Coles and Woolworths both issued dire warnings over the rising cost of groceries.

With COVID wreaking havoc on global supply chains and the Ukraine crisis driving oil prices back up, inflation is back on the menu, and wage growth is failing to keep pace.

Today on Please Explain, Senior economics correspondent Shane Wright joins Dominic Powell to discuss the issue of rising inflation and its impact on our weekly shop.

Subscribe to The Age & SMH: https://subscribe.smh.com.au/

See omnystudio.com/listener for privacy information.