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Dairy products face price spike as input costs hit ‘tipping point’

Ronald Mizen and Sally Patten

Mar 15, 2022 – 2.13pm

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The cost of common dairy products could rise by double digits this year, according to cheese, yoghurt and flavoured milk maker Bega, as Australia’s peak retail body warned business input costs are at a tipping point.

Consumer inflation expectations are at the highest level in almost a decade, according to the latest ANZ consumer survey, heightening the risk of a structural shift in sentiment after a long period anchored at low levels.

Ronald Mizen is the Financial Review’s political correspondent, reporting from the press gallery at Parliament House, Canberra.

Sally Patten edits BOSS, and writes about workplace issues. She was the financial services editor and personal finance editor of the AFR, The Age and the Sydney Morning Herald. She edited business news for The Times of London.