While the cost of living is rising at a slower pace, it remains the defining issue for the upcoming federal election. The article discusses how the Liberal opposition is focusing on the 12% increase in food prices since the last election, and how the government's policies, such as free Tafe and less Hecs debt, are tied to addressing this issue. It emphasizes that the Reserve Bank's interest rate decisions will heavily influence voters' perceptions of the cost of living, and highlights the anticipation surrounding a potential rate cut in two weeks.
The Liberal opposition has been asking Anthony Albanese in parliament how much the cost of food has risen since he won the last election .The Liberal opposition has been asking Anthony Albanese in parliament how much the cost of food has risen since he won the last election .
Defence? Errr … can we say how nuclear submarines we may never get will help our cost of living? Always remember, “inflation”, as measured by the Consumer Price Index does not measure the cost of living. Yes, there is a lot of overlap, but there are two key differences: the CPI is an average of all households in Australia, and it counts the cost of building a new home.
So, the ABS’s “Living Cost indexes” divide households up into groups – because being a family with someone in work, with kids at school etc has a lot of different costs compared to, say, an aged pensioner or that “self-funded” retiree.
Economics Cost Of Living Election Interest Rates Reserve Bank Inflation
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