Scary graphics reveal the full impact of Australia's cost of living crisis on grocery spending
The reason your weekly grocery store is becoming so much more expensive has been revealed because the cost of living crisis continues to hit shoppers at the checkout. The weekly staple, which saw its biggest price increase in a year, was mentioned in the data behind this week’s announcement that inflation was at its highest level in two decades. Vegetables, fruit, breakfast cereals, breads, eggs, oil, butter and margarine all spiked in price last year according to the Australian Bureau of Statistics (ABS). Smile and hold on: The reason your weekly grocery store is getting so much more expensive has been revealed as the cost of living crisis continues to hit shoppers at checkout The opposite graph has depicted an alarming rise in the cost of basic foodstuffs, with vegetables, cereals and other household staples topping the list of sharp price increases. The ABS released its quarterly Consumer Price Index (CPI) figures – a key measure of inflation – on Wednes...
