It's no secret that Australian consumers are struggling under the weight of inflation, which peaked at 7.8% last year, but remains stubbornly high at an average of 7% for the year to March. The most recent Australian Bureau of Statistics (ABS) data reveals that over the past 12 months, food and non-alcoholic beverages are up 8%, travel and accommodation has risen by 25%, and medical services are up 6.7%. Electricity has risen by a whopping 15.5%, the largest annual rise since 2013. What these figures translate to in real terms is higher prices at the supermarket, petrol prices nudging the $2-a-litre mark, and airfares that are above pre-pandemic levels .

https://www.forbes.com/advisor/au/personal-finance/cost-of-living-in-australia/

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