There’s no denying the cost of almost everything is on the way up at the moment.
For many, it’s most evident in the shopping basket, with the Consumer Price Index showing food prices have risen 4.3 per cent in the 12 months to March.
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But the news is worse for meat lovers, with beef prices rising nearly 9 per cent, and lamb lifting close to 7 per cent in the last year, according to analysis from Thomas Elder Markets.
While some people have turned to online butchers to save money, it’s not for everyone.
So, how can you stretch your meat money further at your local butcher?
“At this time of year, it is a good time with it being nice and cold, so we can do a lot of the stewing (and) casseroles,” butcher Craig Munro of Munro’s Quality Meats told Sunrise.
Munro recommends chuck, which is both cheap and ideal for one-pot winter dinners.
“When we so cook this, we braise it, it will break down so those muscle fibres will break down and make it really tender and it will enhance the flavour of the sauce as well.”
You can find beef recipes on the Australian Beef website.
Beef prices have climbed four times the rate of overall inflation, going up around 26 per cent since the end of 2019.
The soaring costs are due to lingering effects of the 2017-19 drought, rising grain and feed prices, and increased transport costs from spiking fuel prices.
Inflation is affecting almost all products at the moment, and it’s happening across the globe.
“We’re still seeing supply shortages due to COVID,” Gemma Acton, 7NEWS network finance editor, said on the Let’s Get Fiscal podcast.
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“A lot of supply chains [were] held up, a lot of transport and logistics systems broke down during that period, a lot of workers off sick [and] couldn’t get to factories,” Acton said.
“The most recent [issue] is Russia-Ukraine — they produce 25 per cent of the world’s grain, so having Russia-Ukraine not be functioning like normal, a lot of the world’s grains have been pulled out of supply.
“A lot of oil is being pulled out … hence we’re seeing that effect in petrol prices.”
While prices are expected to keep rising for a while yet, there are ways to save.
This content was originally published here.