Original article by Anthony Keane
The Australian – Page: 4 : 26-Aug-26

Analysis of official price data for the last five years shows that the cost of some household products and services has risen significantly more than the overall inflation increase of 24 per cent over this period. The cost of household gas has risen by 48 per cent since mid-2021, while the price of cooking oil and fats is up 47 per cent; meanwhile, the average household is paying 38 per cent more for electricity than five years ago, while the price of both milk and coffee has risen by 35 per cent. AMP’s chief economist Shane Oliver says inflation is likely to slow in coming months, but he warns that it will be "fairly painful" for households for at least the next year; he adds that the inflation outlook means the Reserve Bank is likely to increase the cash rate again by the end of 2026.

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