Increasing financial pressures not denting demand for coffees, brunch and takeaway
Interest rate rises and price increases hasn’t dented Australia’s demand for morning coffees, brunch, and takeaway at night.
It means it’s increasingly likely the Reserve Bank will keep tightening monetary policy to keep inflation under control.
David Parnham, President of the Cafe Owners and Baristas Association of Australia, said while many CBD businesses had struggled, there was no doubt suburban restaurants and cafes were booming.
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