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Cost of living

This Month

Peter Dutton fills up cars during the election campaign to spruik the Coalition’s fuel tax cut promise.

Meet the bowser boy-in-chief: Dutton flicks switch to showtime

Peter Dutton showed up in a big rig to spruik a promised fuel tax cut. But it was tradies’ utes on his mind when asked about his problem with women voters.

Why Rolexes and Nikes could get more expensive

The ripple effects from the biggest assault on free trade in decades will be felt across the world – not just on US shop shelves.

Prime Minister Anthony Albanese speaks with resident Lucie Brown and her daughter Sofia at the opening of a social and affordable housing development on Addison road in Marrickville, Sydney.

Gen Z aren’t voting left or right, they want to smash the system

Young constituents are not primarily animated by “wokeism” or culture wars. Their grievances are material – housing, jobs, and living standards.

Reserve Bank of Australia governor Michele Bullock is trying to thread the needle.

The ‘credit cycle that never was’ will limit RBA rate cuts

After the pain of 13 hikes, there is still a real question as to how much more support the central bank can really provide in this easing phase.

March

Dutton promises modelling on power price cuts ‘shortly’

The Coalition’s gas policy dominated his first campaign press conference at the XXXX Brewery in Brisbane, which was crashed by a climate protester.

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Prime Minister Anthony Albanese and Opposition Leader Peter Dutton.

A cost-of-living election that risks missing the point

A minority government will lack the authority to supply the centre-ground policies needed to sustain the early 20th-century high-water mark of Australia’s prosperity.

February 24, 2025

These two issues should frame the election. Don’t hold your breath

Tension between Australia’s cost-of-living crisis and our record household wealth lies at the heart of this federal poll. Real, long-term thinking is needed.

Opposition Leader Peter Dutton and Treasurer Jim Chalmers have traded blows on cost-of-living.

It’s on: Both sides launch into each other in tax cut duel

The Coalition says it will wind back Labor’s surprise tax cuts if it wins power, while Jim Chalmers says that decision will haunt Peter Dutton for every day of the campaign.

Consumers have been battered by soaring electricity prices.

Dutton should step on the gas at the election

Voters don’t want to hear any more politicians going on about targets that will be never be met. They want to know when they’ll get affordable, reliable and abundant electricity again.

Jim Chalmers and Anthony Albanese.

$17b tax cut sparks poll fight

A tax cut of $536 a year for each worker has set up a political fight with the Opposition vowing to block what it calls an “election bribe”.

Tori and Ryan Spettigue, pictured with their three children Allegra, Henry and Louis. Tori and Ryan wanted transparency and cost of living relief from the federal budget.

How this typical family will be affected (including housing worries)

Tori and Ryan Spettigue hoped for help with childcare, and they got it. Sort of. They still worry their kids won’t be able to afford to live anywhere near them when they grow up.

Chalmers splashed 20 major spending measures, but just 3 big savings

Treasurer Jim Chalmers’ budget contains expenditure at a 40-year high outside of the pandemic. Economists warn promises of future restraint seem unrealistic.

11 curious things you may have missed

What was in the budget for the Maugean skate, live music and St George Illawarra? We’ve found the budget’s new ideas and unlikely assumptions.

Treasurer Jim Chalmers.

Chalmers is wrong. The worst is not behind us, it is yet to come

Not only are there no plans to increase productivity and hence living standards, the budget actively makes this harder.

Jim Chalmers.

It’s time for the treasurer to stop treating us like mugs

Jim Chalmers’ crackdown on the supermarkets is an exercise in political blame-shifting that risks wrapping the economy in more red tape for no gain. But the Coalition is little better. 

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Households haven't seen the end of higher power bills.

Households to get $150 power bill rebate as Albanese extends relief

The one-year $300 rebate announced in last year’s budget was set to expire on June 30, but will be extended to the end of this year.

The ACCC has found that Coles and Woolworths are some of the most profitable supermarkets in the world.

Woolworths, Coles warn more red tape means higher grocery prices

Disputing the ACCC’s findings that they have oversized profitability, the supermarket giants say increased costs will be passed onto shoppers.

Prime Minister Anthony Albanese

Five years after Covid, Australia is unprepared for next global storm

Neither major party has offered a credible path for “growing the pie”, fixing the budget and preparing the nation’s military for a new era of disruption.

Shadow treasurer Angus Taylor and  Treasurer Jim Chalmers.

The typical family is $19,000 poorer since Labor took power: Coalition

In a pre-election cost-of-living attack, the Coalition says the disposable income of a typical family is more than $19,000 lower since Labor came to power.

Transmission towers in Victoria’s west. The cost of building new connections to renewable generation projects has been one reason the price of energy has spiked.

Households face up to 9pc power bill rise amid coal plant outages

But analysts warn that billions of dollars spent on rebates to woo voters are “sugar hits” that could be better spent on long-term solutions to the increases.

Original URL: https://www.afr.com/topic/cost-of-living-jfq