Australian chocolatier Yasmin Coe is feeling the pinch of higher inflation, and is not convinced that government efforts aimed at cutting the cost of living will turn fortunes around.
Coe, the 39-year-old co-founder of Sweet Pea and Poppy in Murrumbateman, New South Wales, said her business, which has a staff of nine, was recording lower sales but facing rising cocoa prices. Tourism to the Southern Tablelands region, which draws visitors seeking cooler climates, has also fallen, she said.
“People are really having to control their budgets,” Coe said. “For the first time, we are seeing that.”
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