Australians are waiting to see how much more they will pay for essential goods and services like food after the Reserve Bank's decision to hike interest rates for the 11th time.
abc.net.au/news/rba-interest-rates-cost-of-living-pressures/102288496Annie Griffiths is counting the increasing cost at the checkout of each weekly shop as the Reserve Bank of Australia hikes interest rates for the 11th time to bring inflation under control.Households are already struggling with the increased price of groceries and overall cost-of-living pressures— a decision that will affect the budget of many Australian households.
Annie Griffiths, pictured with Ryan in 2001, says owning her own home and installing rooftop solar has helped with cost-of-living pressures, but they still hurt. While cutting back on meat and buying organic produce helps with their health, it also comes with a higher price tag."But I would say where I was once paying about $150 a week all-up for food, I reckon I'm probably close to $250, maybe $300, for a full shop."
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