Inflation, flat-lining wages and higher interest rates: voters go to the poll the most despondent on record with neither party able to offer cost-pressure relief. | ANALYSIS by Shane Wright
of respondents, with another 10 per cent nominating jobs and wages. No other issue comes close in terms of importance.
The third followed soon after. The Reserve Bank, which as recently as November had been saying interest rates could remain on hold until 2024, decided to use its May meeting to Boiling it all down, this week National Australia Bank’s regular “consumer stress” report provided plenty of insights into how this combination is affecting households.
Both measures of consumer sentiment – the ANZ-Roy Morgan weekly index and the Westpac-Melbourne Institute monthly index – have fallen in the face of the hip-pocket pain being felt by many voters.
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