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The truth behind the cost-of-living crisis and inflation

Rising costs have once again become a political battleground in 2024, but delving into the numbers, that pressure is only really been felt in one area.

The cost-of-living crisis is once again the main political battleground for 2024 as the major parties go to war over changes to the stage three tax cuts.

That’s despite the fact that inflation numbers this week will show a continuing steady return towards the top end of the Reserve Bank’s inflation band of 3 per cent.

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    Original URL: https://www.afr.com/markets/debt-markets/the-truth-behind-the-cost-of-living-crisis-and-inflation-20240125-p5f034