Australians straining under skyrocketing transport costs

AutoExec Summary
With the rising cost of living pressures impacting Australians, a recent report by the Australian Automobile Association (AAA) revealed that transport costs for the typical local household rose at a higher rate than inflation in the past financial year. Transport costs increased by more than 10.5 per cent, with the average Australian household spending 17 per cent of its income on transport. The report attributes the slowed rate of increase to the halving of public transport fees in Hobart. Annualised increases in transport costs were seen across Australia’s capital cities and regional centres. AAA managing director, Michael Bradley, highlighted the need for government policies to address transport cost increases.

Brands mentioned: AAA