Frightening graph reveals the full impact of Australia's cost-of-living crisis on grocery spend
2 years, 5 months ago

Frightening graph reveals the full impact of Australia's cost-of-living crisis on grocery spend

Daily Mail  

The reasons your weekly grocery shop has been so much more expensive has been revealed as the cost-of-living crisis continues to batter shoppers at the checkout. Grin and bear it: The reasons your weekly grocery shop has been so much more expensive has been revealed as the cost-of-living crisis continues to batter shoppers at the checkout A confronting graph has illustrated the alarming rise in the cost of basic groceries, with vegetables, cereal and other household staples at the top of the list of steep price rises The ABS released its quarterly Consumer Price Index figures - the key measure of inflation - on Wednesday morning, showing a 6.1 per cent jump over the last year. The biggest jump in an everyday grocery item was the cost of veges, due to the continued flooding in southeast Queensland and New South Wales Vegetables, fruit, breakfast cereals, bread and eggs are among items to have sharply risen in price in the last year according to the Australian Bureau of Statistics Vegetables were up 7.3 per cent in the past three months across Australia but the hikes were even higher in some capitals. The cost of non-alcoholic beverages, including coffee and tea, went up 7.9 per cent in the past year, according to the ABS Bread, cereals and other foods, such as spreads and sauces, went up over 6 per cent in price in the last 12 months The government figures said overall the cost of transport and housing - including both rent and mortgage repayments - saw the biggest jumps in the last year. The cost of 'non-durable household products', a group including cleaning products, went up 10.7 per cent in the past year Treasurer Jim Chalmers said 'these are confronting numbers' with mortgage rates set to keep increasing The June quarter CPI figures stirred fears of a super-sized 75 basis point interest rate rise in August.

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