ABC News – Top stories ·general ·1 hour ago

Living costs rise sharply as fuel prices spike on Iran tensions

Australian living costs rose between 2.6 and 5.2 percent annually to March, with government-payment recipients facing the sharpest increases of at least 4.8 percent. The Iran conflict drove a 32.8 percent fuel price spike in March, though the Reserve Bank said additional fuel spending represented less than 1 percent of total household income.

Summary by Glance · ABC News – Top stories

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