Households slammed as budget offers little relief from massive inflation wave

Australians are going to be feeling the pinch as the cost of household bills and groceries soars. Photo: TND

Bend your mind back to September 2006 – a time when a bag of bananas could break the family budget.

Cyclone Larry had just decimated north Queensland, destroying trees producing almost 200,000 tonnes of bananas and sending prices to more than $15 a kilogram (about $22 in today’s dollars).