Cost of Living Surge: 69 Percent of Australians Say Groceries Cost More

Six in 10 shoppers reported spending more on housing, insurance, and groceries compared to the same time last year.

Sustomers select seafood at Sydney Fish Market in Sydney, Australia, on Dec. 23, 2023. Jenny Evans/Getty Images

The cost of living crisis has intensified in the last 12 months as most Australians paid more for essential goods and services, a new study has shown.

Monash University’s business school has released a new report (pdf) that provides a snapshot of what Australians perceived about living costs in the past year and the changes in their spending habits.