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  • 2 days ago
Cost-of-living pressures worsen as fuel price hike expected to flow into groceries and services

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00:02A looming price increase at the pump, another hit on household budgets.
00:07Filling up every week is like $170 out of my paycheck and it's pretty hard.
00:11It's just biting more into the daily budget every day.
00:15It's still pretty expensive. Living up in brooms is pretty hectic.
00:19Economists say it won't take long for higher fuel costs to drive up the cost of everyday goods and services.
00:26Grocery costs which will increase as retailers have to necessarily pass on some of those costs to consumers.
00:34Services, particularly if you're delivering services in regional areas.
00:39It's unwelcome news for WA households already grappling with rising costs.
00:44New ABS data shows rental costs in Western Australia have jumped almost 40% in four years compared with 25
00:52% nationally.
00:54Some households feeling the pinch more than others.
00:58Regional centres and regional households are really doing it tough.
01:02You also tend to see pensioners, older age cohorts, feeling the cost of living increases more keenly.
01:11And it's not just households impacted.
01:13Businesses nervous about where fuel prices are heading and how much of the additional costs they can absorb.
01:20But some are passing it on. We're seeing particular pressure for businesses across the regions of WA where fuel prices
01:27are often higher.
01:28And for many in the health sector as well where it's harder for them to pass on prices.
01:33The Premier Adamant's support is available, spruiking the government's $140 million spend on cost of living relief and urging people
01:42not to panic buy.
01:44There's more fuel in WA in Australia today than there was on the 28th of February when the conflict broke
01:51out.
01:51So there's no reason for people to fear that there will be impacts in relation to supply.
01:56The end of cheaper fuel with households and businesses preparing for what's next.
02:00A two-year-old
02:04A two-year-old
02:04A two-year-old
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