Milk tops $5 a bottle as food prices continue to rise

The cost of a 2-litre bottle of milk has surged to $5.04, reflecting a broader trend of rising food prices in June. This spike underscores the financial strain many households are facing as basic grocery items become more expensive. Such increases are particularly concerning given the potential long-term impact on consumer spending and inflation rates, signaling a challenging economic environment for consumers and policymakers alike.