Living Costs Soar – Shocking 9% Increase in Just One Year!

Aussie Workers Hit Hard as Living Costs Soar – Shocking 9% Increase in Just One Year!

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Australian workers face a 9% spike in living costs compared to last year

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Data from the Australian Bureau of Statistics reveals the impact of rising living expenses

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Employee households experience the highest increase, nearly double the Consumer Price Index

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Factors contributing to the cost of living surge include surging petrol prices, insurance premiums, and mortgage interest charges.

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Housing costs dropped for pensioners and government beneficiaries

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Global oil prices and increased insurance premiums affect households' finances

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The Living Cost Indexes reflect mortgage interest charges as a significant factor

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Energy Bill Relief Fund helps reduce electricity bills for some households

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Total number of dwellings approved falls 4.6% in September

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Approvals for private sector dwellings, excluding houses, decrease by 5.1%

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Private sector house approvals drop by 4.6%

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with some states experiencing increases while others face declines

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