Australia’s peak motoring body has released its latest Transport Affordability Index showing average weekly fuel costs rose 40 per cent in the 12 months to March 31, 2022
Increased transport costs are a significant contributor to cost of living pressures on Australian families with the average Australian household now paying more than $70 a week extra on transport costs throughout 2021.
Australia’s peak motoring body has released its latest Transport Affordability Index showing weekly costs have for the first time risen above $400 for the average Australian metropolitan household.
Research from the nation’s peak motoring body shows household transport costs have continued to rise, despite an already steep increase during the first three months of 2021. The typical household is now spending a record 14.9 per cent of their income on transport.
Australian household are now spending 14.6 per cent of their budget on transport costs. This is the highest percentage since the Index commenced five years ago.