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EconomyLe Figaro

“We had to do without anything that was not an absolute necessity”: hit by inflation, more and more Australians are falling into precariousness

REPORT - To curb the rise in prices, the central bank of Australia raised its key rate for the 5th time in a year. An ineffective remedy, particularly harmful for the real estate sector.

LF
Le Figaro
Newswire · 1 h ago
◌ Single source2 min read
✦ Explain it to me
“We had to do without anything that was not an absolute necessity”: hit by inflation, more and more Australians are falling into precariousness

The social grocery store in Marrickville, about twenty minutes from the center of Sydney, has not yet opened its doors but already, around ten people, shopping bags in hand, are waiting to do their shopping there. Every day, they distribute free fruits and vegetables, and they also sell canned foods close to their expiration date at discounted prices. In recent months, the number of visitors has almost doubled.

We come across “classic” profiles, like Ezra, a young unemployed 27-year-old, who, faced with the increase in his rent, no longer has the means to do his shopping at the supermarket. “Once I have paid my rent, I only have 100 euros per week left. Fortunately here, I can fill my fridge for less than 15 euros,” he explains.

But also, more and more, people who work, highly qualified and sometimes owners, who nevertheless struggle.

Source · Le Figaro ↗

Machine-translated from French

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Only Le Figaro reports this story so far. We show it as a single source until another newsroom confirms it.

The reports
  1. Le Figaro
    12 Nov, 15:37
Trust score: 78/100
Publisher Le Figaro (established tier)+76
Detailed summary+2
Total78

Method: reports are grouped by the words of their headline and summary; each newsroom counts once; figures are read from the reports as published. Nothing here is written by an AI.