Treasury reveals likely impact of flooding on federal budget

New Treasury figures have been released showing just how deep the impact of the flood disaster is likely to be on the federal budget.

A worker arranges apples for sale at a market in Melbourne, Wednesday, July 27, 2022. The CPI rose 6.1% over the twelve months to the June 2022 quarter. (AAP Image/Joel Carrett) Source: AAP / JOEL CARRETT/AAPIMAGE

Shoppers are being warned to brace for a surge in the price of fruit and vegetables over the next six months, as crop damage feeds inflation.

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