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With rising cost of living pressures continuing to impact Australians, a recent report has shown transport costs for the typical local household rose at a higher rate than inflation in the past financial year. According to the Australian Automobile Association’s most recent Transport Affordability Index, transport costs increased by more than 10.5 per cent over the 12 months to June 30, 2024. That figure comes as the consumer price index increased by 3.8 per cent over the same time period.
60, while Sydney, Canberra, Melbourne, and Hobart rounded out the top five and were all above average. The AAA’s index also records costs in one regional centre in each state and territory, with annualised transport costs for the average regional household rising $261 to $21,901. As in the capitals, the bulk of cost rises came from higher car loan repayments, comprehensive insurance premiums, and net fuel expenditure, with annualised rises of $90, $75 and $78 respectively.
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