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It might be time to ditch the cheese from your burger.
The cost of making a classic Aussie burger has risen considerably over the past year, as the prices of everyday items have grown with inflation. But some ingredients will set you back much more than others.
The cost of making a classic Aussie burger is getting a bit cheaper.
Cost-of-living pressures have started to ease, with inflation rising by 1.4 per cent in the first three months of the year and 7 per cent in the year to March.
That’s down from the December 2022 inflation peak of 7.8 per cent, according to figures from the Australian Bureau of Statistics, as the growth in prices of goods including food, clothing and furniture moderated.
“While prices continued to rise for most goods and services, many of these increases were smaller than they have been in recent quarters,” ABS head of price statistics Michelle Marquardt said.
Inflation does not work evenly across all the things households buy. The prices of some goods and services will rise faster than others or even continue to rise as others fall, depending on factors from consumer demand and business supply, to natural disasters and holiday periods.
In its consumer price index, the ABS looks at price changes across a range of ordinary goods and services purchased regularly by households.
This “basket” of goods is weighted, depending on how much of those goods households typically buy. Australians spend less and less on tobacco products, for example, but nearly a quarter of the inflation basket is made up of housing.
To take a closer look at how inflation changes, and can differ from product to product, here’s how the prices for the ingredients that make up a burger have changed.
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