RW - foRWard Health & Wellbeing eMag - May 24 - Flipbook - Page 17
The Economic
Context
The Australian economy, like many
globally, faces in昀氀a琀椀onary pressures
that have precipitated a cost-ofliving crisis. Housing prices have
skyrocketed, with rent in major ci琀椀es
becoming una昀昀ordable for many.
Essen琀椀al u琀椀li琀椀es like electricity
and gas have seen price increases,
compounding the 昀椀nancial strain on
households. The Australian Bureau
of Sta琀椀s琀椀cs (ABS) reports a signi昀椀cant
rise in consumer price indexes,
re昀氀ec琀椀ng the broad impact of these
economic pressures.