Vegetable oil prices have halved. Cereal prices are down 20%. Dairy similar. Sugar is one of the few food ingredients that is up (and Ukraine/Russia are not even major producers), but meat is down.

At the same time, international shipping rates have plummeted. The Baltic Dry Index is about 75% lower than its peak in 2022.

So, why are grocery prices still rising?

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, and Senior Financial Adviser, Samuel Kerr discuss what is really going on with inflation.

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Nucleus Wealth is an Australian Investment & Superannuation fund that can help you reach your financial goals through transparent, low-cost, ethically tailored portfolios. To find out more head to Nucleus Wealth Website.

The information on this podcast contains general information and does not take into account your personal objectives, financial situation or needs. Past performance is not an indication of future performance. Damien Klassen is an authorised representative of Nucleus Wealth Management. Nucleus Wealth is a business name of Nucleus Wealth Management Pty Ltd (ABN 54 614 386 266 ) and is a Corporate Authorised Representative of Nucleus Advice Pty Ltd - AFSL 515796