Young families bear the brunt of cost-of-living crisis

Rising childcare costs continue to hit the budgets of young families the hardest. (Bianca De Marchi/AAP PHOTOS)

Expenses for families with a child aged younger than five are 27 per cent higher than in 2021, according to research that shows they are suffering most from the cost-of-living crisis.

While headline inflation has fallen to 2.8 per cent, daily out-of-pocket childcare costs are still about $50 per child, analysis by Impact Economics and Policy shows.