May 9, 2024 | 01:56 GMT +7
May 9, 2024 | 01:56 GMT +7
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(VAN) Inflation is soaring. And yet restaurant-goers are having a love affair with a high-budget item: Steak.
(VAN) Prices of frequently purchased consumer items are on a continual, steep rise due to surging oil and raw material prices, fueling concerns that inflation here may no longer be transitory.
There are signs that the food inflation that’s gripped the world over the past year, raising prices of everything from shredded cheese to peanut butter, is about to get worse.