Australia is in the midst of a cost of living crisis which has seen the price of essentials, including food, petrol, gas and electricity climb. The post-pandemic cost of living crisis has hit many Australians, but predictions aren't pretty. Many Australians believe that the cost of living will continue to rise over the next twelve months.
Most Australians (96%) believe that prices will continue to go up over the next 12 months.
Younger generations were slightly more optimistic, with 94 per cent of 18-29-year-olds thinking the prices will go up compared to 97 per cent of people aged 50-64 and 65+ believing prices will go up.
61 per cent of Australians believe that over the next 12 months prices will continue to go up by more than in the previous 12 months, with 32 per cent believing that the prices will go up by the same amount.
Australians from wealthy households were more optimistic, with 10 per cent of Australians with a household income of $168,688 to $222,300 and 11 per cent of Australians with a household income of more than $222,300 believing prices in the next 12 months will go up by less than in the previous 12 months.
|Variable description||by household's total income, after tax and compulsory deduction|
|Variable time span||2022|
|Published by||ANU Poll|
|Data Source||Biddle, Nicholas, 2022, "ANU Poll 50 (April 2022): Volunteering, aged care, policy priorities and experiences with COVID-19", doi:10.26193/AXQPSE, ADA Dataverse, V1|