Many getting left behind as the cost of living goes up | 7.30 | ABC News
Australia's increasing cost of living will be front of mind when voters head to the polls for the federal election this year. Inflation has come roaring back into the economy after years of sitting well below the Reserve Bank's target. Alan Kohler examines the tricky situation Australia finds itself in, with increasing prices for essentials but wages barely moving. Subscribe: / abcnewsindepth Read more here: https://www.abc.net.au/news/2022-03-2... Watch part two: • Interest rates are likely to rise — but by... ABC News In-depth takes you deeper on the big stories, with long-form journalism from Four Corners, Foreign Correspondent, Australian Story, Planet America and more, and explainers from ABC News Video Lab. Watch more ABC News content ad-free on iview: https://ab.co/2OB7Mk1 For more from ABC News, click here: https://ab.co/2kxYCZY Get breaking news and livestreams from our ABC News channel: / newsonabc Like ABC News on Facebook: / abcnews.au Follow ABC News on Instagram: / abcnews_au Follow ABC News on Twitter: / abcnews Note: In most cases, our captions are auto-generated. #ABCNewsIndepth #ABCNewsAustralia
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