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Dutton weighs in on RBA amid banana price rise warning

Summary by Canberra CityNews
The Queensland flood disaster has put a ding in the nation’s economy, and forced up banana prices. (Morgan Sette/AAP PHOTOS) By Jacob Shteyman in Canberra Inflation pressures could resurface if the Reserve Bank cuts rates prematurely, Opposition Leader Peter Dutton has warned amid fears the north Queensland floods could push up grocery prices. The devastating floods, which have led to two deaths, have hit banana and sugar supplies and are expect…
DisclaimerRead with caution - this story is only being covered by one news source that has a ‘low factuality’ rating, which means the outlet has a history of poor reporting practices. Learn more about factuality ratings here.

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Canberra CityNewsCanberra CityNews
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The QueenslanderThe Queenslander

Dutton weighs in on RBA amid banana price rise warning

The Queensland flood disaster has put a ding in the nation’s economy, and forced up banana prices. (Morgan Sette/AAP PHOTOS) By Jacob Shteyman in Canberra Inflation pressures could resurface if the Reserve Bank cuts rates prematurely, Opposition Leader Peter Dutton has warned amid fears the north Queensland floods could push up grocery prices. The devastating floods, which have led to two deaths, have hit banana and sugar supplies and are expect…

·Canberra, Australia
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Australian National ReviewAustralian National Review

Australian National Review - Banana Prices Could Spike as Floods Destroy 20 Percent of Crop

Treasurer Jim Chalmers says national GDP could see a slight impact as well. Treasurer Jim Chalmers has revealed the economic cost the devastating floods in North Queensland will have on the country. Chalmers, who is also a Queenslander, said that while the overall impact on inflation is not estimated to be substantial, the loss of crops could lead to price increases for bananas and sugar. Treasury estimates that up to 20 percent of Australia’s …

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The Queenslander broke the news in on Tuesday, February 11, 2025.
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