Cost of essential living

There is ample data on this topic out there. And they all come to the same conclusion, the cost of essentials is increasing far faster than the income since 1990.

https://guides.slv.vic.gov.au/whatitcost/groceries

https://www.numbeo.com/cost-of-living/country_result.jsp?country=Australia

https://www.abs.gov.au/ausstats/abs@.nsf/2f762f95845417aeca25706c00834efa/f439d8b107712a93ca2570ec00752c1d!OpenDocument

Eggs $5.54 in 2023 – around $1.75 in 1990.

The percentage increase of these key items

Bread                  238%

Milk                     471%

Potatoes             363%

Eggs                     316%

In the same period average household net income increased around 214%. $27,227 to $58,448.

See the full summary on my Substack