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Originally Posted by GO FURTHER
BTW, in today's Melbourne Herald Sun, it was reported that with the higher petrol prices, cafes and take-aways are and being hit hard, with consumers spending less at these establishments than normal because of the price hikes.
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Food retail/service has been growing ahead of total retail growth. It stands to reason it might see a contraction when essentials go up in cost. I'd argue at least in the café market, people tend to overpay (and I'm curious who's profiting because it certainly isn't our farming sector). Wait til there's an interest rate hike.....