How does inflation affect your daily life?
@Tiger_AUοΌ
Hey Aussie,Australiaβs annual inflation rate jumped to 6.1 per cent, its highest level in more than two decades, and it's affecting all parts of the economy. From the grocery store, to the gas pump and the cost of housing, Australians are paying more for everything.The rise in the consumer price index in the three months ended June 30 was the highest since June 2001 and the introduction of the GST, according to the Australian Bureau of Statistics.New dwelling prices rose 20.3 per cent as government support was withdrawn, while petrol prices soared 32 per cent. Fruit and vegetables prices rose 5.8 per cent because of heavy rainfall and flooding in key production areas of NSW and Queensland that disrupted domestic supply.How does inflation affect your daily life?π‘Share Your Insight