Priced out: how Australians are being hit by the soaring cost of food

The ABS says the cost of groceries has increased by 8% year on year, with the rising price of essentials a major contributing factor to the cost-of-living crisis. Photograph: MB Photography/Getty Images

“I mean it’s one banana. What could it cost? $10?”

Thankfully no. Even with 7% inflation, Lucille Bluth’s famous guesstimate still isn’t a reality. But given the ongoing rising cost of almost everything considered non-discretionary (the things we can not live without), it feels like it’s possible.