Inflation continues to impact the global economy, and new data highlights which goods and services have suffered the most significant price hikes, affecting consumers worldwide. Essential commodities such as groceries and utilities have seen substantial inflation-driven increases, placing a greater burden on household budgets. Energy prices have also surged, contributing to higher living costs and straining consumers further. Meanwhile, luxury items have been somewhat insulated, experiencing slower price growth. The report underscores the widespread nature of inflation across various economic sectors, making it a critical concern for policymakers and citizens alike. Understanding these trends is crucial for consumers seeking to navigate the economic realities of 2025. As inflation reshapes financial landscapes, staying informed about which areas are most affected can help individuals and families better manage their expenses.
KRDONew data shows cost of living pressures impacting charities and communities
Recent data from the Australian Charities and Not-for-profits Commission (ACNC) reveals that rising cost of living pressures are significantly impacting charities and communities across Australia.