Electricity prices have jumped by six times the rate of the average pay rise, new figures reveal, as family wallets are increasingly squeezed by essential services such as education, utilities and fuel.
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| The price of oil has jumped by 11.4 per cent over the past year. |
The surge will increase concerns among policymakers over energy and household budgets as Parliament gets ready to resume next week, with both parties putting reducing cost of living pressures as their key policy pitches to voters this year.
Read Eryk Bagshaw’s story in today’s Melbourne Age - “Electricity prices jump 12 per cent, six times the average pay rise."
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