Food inflation could be here to stay

Australia's consumer price index fell to a lower-than-expected 2.4 per cent in the December quarter And while this may be cause for celebration with hopes of an RBA rate cut, there was an economic figure last week that could signal the cost-of-living pain is far from over. Some economists are warning that high food prices are here to stay with food and beverage prices rising faster than the long-term average. Guest: Shane Oliver, Head of Investment Strategy and Chief Economist at AMP Capital Producer: Grace Stranger