Inflation – Cost of Living

Inflation and the Cost of Living.

Inflation is higher and more enduring than expected. Economists expect higher wage pressure and further interest rate rises over. In May, the annual increase went up to 6.8% Michelle Marquadt, head of statistics at the ABS, said “the soaring price of fuel was primarily to blame for consistently high inflation in April”..

Nationally, the federal senate is investigating the ’worsening rental crisis’ A third of Australian households now rent. Out of control rent rises directly damage the quality of their lives. 50% of tenants are in rental distress.

The cost of living could be eased with surplus Prime Minister, Anthony Albanese found a “lazy” two billion dollars to help states deal with the current housing catastrophe It is said that Albanese could easily add another eight billion dollars from surplus right now. If we had this ten billion dollars from surplus, we might just be able to see a change in the cost of living..

My Opinion. If we have the ability to rise inflation, we should have the ability to lower it. Australia has been declared the ‘one of the worst countries to be a renter’ Australia is now one of the most expensive countries to live in right now..