To look at how inflation changes, here’s how the prices for the ingredients that make up a classic Aussie brunch have changed.
Rising interest rates, inflation, property prices, power bills, groceries... it’s a lot. Here’s how to make sense of the cost of living crunch.Whether you’re a sweet tooth or a savoury person, the cost of making brunch has risen considerably over the past year as the prices of everyday items have grown with inflation. But some ingredients will set you back much more than others.
In the three months to the end of September, inflation rose by 1.2 per cent, lower than the price increases experienced each quarter last year. While inflation for bread is still high at 12.6 per cent over the last year, prices for other key items are falling – in the case of fruit, it’s actually gone backwards by 0.6 per cent.Inflation does not work evenly across all the things households buy. The prices of some goods and services will rise faster than others or even continue to rise as others fall, depending on factors from consumer demand and business supply, to natural disasters and holiday periods.
To take a closer look at how inflation changes, and can differ from product to product, we’re diving into the inflation data every three months to see how the prices for the ingredients for some breakfast favourites have changed.
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