ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
Australia election

Soaring cost of living hangs over Australian election

The winner of Saturday's poll will have to tackle accelerating inflation

A woman pumps gas in Sydney on March 29. Rising gasoline prices are contributing to a crisis in the cost of living in Australia.   © AP

SYDNEY -- Half of Australians are concerned about the rising cost of living, pushing the issue of inflation to the top of the agenda of the campaign for Saturday's federal election.

The Ukraine war has pushed up prices across the world, and Australia is no exception. The country's consumer price index hit a 20-year high in the first quarter, growing 5.1% from a year earlier as costs for gasoline, home building and food rose.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more