Food prices rose for the first time in three months in April, forced up by higher prices for olive oil, potato crisps and and chocolate blocks. The olive oil price in April was $18.57 per litre, up some 10.5% on the $16.80 price in March. Meanwhile, the ever-volatile international airfares rose by 7.2%, while rental accommodation costs are continuing to rise fairly strongly. ANZ economist Henry Russell and chief economist Sharon Zollner said while the overall pricing data was "on the stronger side of expectations", the miss was not significant enough to alter their view of the outcome of the June quarter inflation ... (full story)