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The Guardian - AU
The Guardian - AU
Business
Peter Hannam

Consumer inflation tipped to hit 4.5% in March as Australian cost of living soars

Woman shops for produce at a supermarket
The Commonwealth bank says food prices are going up nearly twice as fast as in the last quarter in December 2021. Photograph: Xinhua/Rex/Shutterstock

As both a fruiter and builder, Anthony Todarello can reel off more goods that have soared in price in the past year than most people.

His family has run the Hampton Fruit Centre, an institution in Melbourne’s Bayside suburb, for six decades. Todarello blames wild weather for pushing up the cost of produce at a pace rarely seen before.

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