The Aporia
Elvery, S., Riga, J., & Chwasta, a. M. (2026, October 28). See how the price of everything has changed with inflation. ABC News (AU). https://www.abc.net.au/news/2026-10-29/prices-cost-of-living-inflation-tracker/107296304
Elvery, Simon, et al. “See how the price of everything has changed with inflation.” ABC News (AU), 28 Oct. 2026, https://www.abc.net.au/news/2026-10-29/prices-cost-of-living-inflation-tracker/107296304.
Elvery, Simon, Jessica Riga, and and Madi Chwasta. “See how the price of everything has changed with inflation.” ABC News (AU), October 28, 2026. https://www.abc.net.au/news/2026-10-29/prices-cost-of-living-inflation-tracker/107296304.
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Inflation in Australia has risen significantly, with the consumer price index increasing by 4.3% over the past year, far exceeding the Reserve Bank of Australia's target range of 2 to 3%. This sharp rise affects various sectors, including automotive fuel, which is higher due to the Iran war and the end of a fuel excise cut in August. The cost of games, toys, and hobbies has also increased as manufacturers pass on the rising costs of computer parts to consumers. Additionally, electricity prices have surged after government subsidies designed to manage soaring power costs were discontinued, largely due to the impact of the war in Ukraine. These price hikes put Australians on alert for potential further interest rate rises from the Reserve Bank.