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The war in Ukraine, the pandemic and extreme weather events are among the factors contributing to “terrifying” soaring costs of petrol, electricity and gas, says Australian Catholic University’s Andrew Papadimos. Source: The Catholic Weekly.
The St Vincent de Paul Society has called on the Albanese Government to provide urgent help to the growing number of Australians struggling to survive amid surging inflation and interest rates.
The latest increase in interest rates will likely intensify the already surging number of applications for credit cards and personal loans, as more people struggle in the face of higher costs of living. Source: The Age.
Australians are facing a bleak couple of years, with Treasury forecasting dual woes of sustained high living costs and declining real wages. Source: ABC News.