Why your serving of hot chips is about to cost you more?

Australians’ favorite corner shop takeaway food is set to cost more thanks to a rise in the price of an essential component.

Takeaway food could be the next favorite to be hit by rising inflation - with cooking oil prices skyrocketing in price.

Since it’s a staple in frying food, Australian customers could bear the brunt of price hikes.

Australia does grow plenty of grain to support its own cooking oil needs. But with the global price rising, many growers export their products overseas to markets willing to pay more.