‘Inflation spiral’: Price rises broaden as households face supermarket squeeze

Economists say inflation is broadening as new data shows grocery prices have shot up. Photo: TND

Households are being squeezed at the petrol pump and increasingly at the supermarket as Australia’s cost-of-living crisis continues to worsen.

Consumer price data published by the Australian Bureau of Statistics on Wednesday showed annual inflation hit 6.1 per cent in the June quarter.