“Usually it would cost me what I just got, two bags, maybe around $60,” Sydney customer Tayla Parian told 9News today.
“It cost me almost $120 this time.”
The Reverend Bill Crews Foundation in New South Wales provides more than 10,000 meals a week, along with hundreds of food parcels as some fall into poverty.
“I would like the government to make sure that people don’t go hungry, which they are,” Crews told 9News.
The Reserve Bank raised the official exchange rate from its all-time low of 0.1% in May, following suit in June, July and August.
The rate now stands at 1.85% and is expected to top 2% when the board meets on Tuesday, but the Greens do not want it to go higher just yet.
“The RBA should take a break on interest rates at least until the October budget and press the government to provide immediate and meaningful cost-of-living relief,” Senator Nick said. McKim.
Either way, economist Chris Richardson predicted an “oversized” rise in cash rates of up to half a percentage point, saying it was the organization’s only weapon to fight inflation. .
“The Reserve Bank will only shut down if it hurts,” he told 9News. “It hurts enough that we’re spending less than we’re spending right now and allowing inflation to come back down to where it is.”
Drivers brace for the pain at the supermarket checkout that will soon be reflected at gas stations.
As global oil prices soared following Russia’s unprovoked invasion of Ukraine, the Morrison government halved the fuel tax in May, cutting the cost of fuel by 22¢. a liter of gasoline.
Unless the Albanian government extends it, this tax holiday ends on September 28, causing a 25¢ jump once GST is included.
“I also have a child to feed,” driver Dion Karafyllas told 9News.
Parliament returns this week and the Opposition will tackle cost of living pressures and Labor’s acceptance of unions being allowed to strike pay deals with multiple employers.
“It will take this country back to the dark ages of the 70s and 80s,” said opposition spokeswoman Michaelia Cash.
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But Skills and Training Minister Brendan O’Connor defended the increase in wage bargaining power, saying real wages had fallen by 3.5% due to inflation.
“The breathless hysteria about massive arguments that are happening because we’re using a new vehicle to negotiate isn’t supported by the facts,” he told ABC’s Insiders today.