Electricity bills up 35%, insurance up 46% in five years
An analysis of cost rises across everyday items shows electricity, insurance and fuel have soared far above average inflation.
Australia's inflation hit 4.3% in the year to September, driven partly by a Middle East conflict that pushed fuel costs up more than 20% in the past year alone. The real squeeze runs deeper than headline inflation.
Electricity bills have climbed 35% since early 2022, and insurance premiums have surged 46% in nearly five years. Gas is up 49%, rental costs up 27%, and supermarket staples like eggs and oil have jumped more than 40%.
A few winners: chicken and vegetables have risen less than the overall inflation rate, childcare is up only 7%, and public transport fees have actually fallen 5%.
- 35% since early 2022
- Electricity rise
- 46% in nearly five years
- Insurance rise
- 49%
- Gas rise
- more than 20% past year
- Fuel jump
Why it mattersThese price rises hit household budgets every week, power bills, groceries, rent and insurance are costs nobody can avoid.
AustraliaAustralian households are paying significantly more for essentials, with the biggest hits on power, rent and insurance. Government subsidies have provided temporary relief on electricity but have not reversed the overall upward trend.
✓ Claims checked against the source. checked 3 h ago
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