2023 Australian households face a 13% rise in transport costs, exceeding 4.1% inflation rate.
Australian households face rising budget pressure due to 13% increase in transport costs in 2023, outpacing 4.1% inflation rate. High vehicle costs, insurance premiums, and car loan rates contribute. Average city household spent 15.6% of income on transport in 2022, rising to 17% in 2023. Peak motoring body urges govts to consider costs in policy formulation amid cost-of-living pressures.
March 03, 2024
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