Food shortages, inflation? Not enough lettuce for KFC burgers in Australia
Kentucky Fried Chicken restaurants in Australia have been forced to use cabbage instead of lettuce in burgers, blaming crippling supply chain issues.
“We’ve hit a bit of an Iceberg and are currently experiencing some lettuce supply chain disruptions due to the impacts of the recent Queensland and NSW floods. This means you may see a temporary blend of lettuce and cabbage throughout KFC restaurants in NSW, VIC, QLD, ACT and TAS during these shortages,” KFC Australia said in a statement.
“We’re working with our multiple suppliers to provide them with support, but we do expect disruptions to continue in the coming days. Apologies for any inconvenience caused, we appreciate you all being Little Gems as we work to get things back to normal ASAP”
But many are skeptical, believing it could be a cost-cutting exercise as the price of one lettuce in Australia has sky-rocketed to around US$8.50.
The Australian Reserve Bank today lifted its official cash rate by 50 basis points in an attempt to curb extreme inflation.
It is the biggest cash rate hike the country has seen in over two decades.
“The RBA Board has clearly recognised they are well behind the curve. Interest rates are now being lifted to more normal levels for an economy with 5.1% inflation and 3.9% unemployment rate. The RBA has been slow to recognise the inflation problem in the Australian economy, and in surprising the market today is trying to win back some of its inflation-fighting credibility,” said Firetrail Investment’s Head of Investment Strategy, Anthony Doyle.