Wednesday, February 22, 2023

Chicken replaces red meat as consumers feel inflation heat. Wages edge up, but with inflation eats away at real spending power.

Wages grew by 0.8 percent in the most recent quarter making 3.3 percent over the year. 

But do consumers feel any richer as inflation bites and interest rates rise?

Woolworths chief executive Brad Banducci says more families are eating at home and buying more chicken than red meat. 

Dominos Pizza boss Don Meij says business remains bouyant despite the higher production and labour costs.

Here's my coverage on The World Today

Here's my preview for ABC News On Demand where I ask - are you feeling any wealthier today?

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