NAB says Australia cost-of-living stress hits 12-year high in Q3 consumer survey
Bitget2026/09/24 05:01- NAB’s Q3 2026 consumer sentiment survey flagged cost-of-living stress at a 12-year high, last seen in mid-2014.
- Net 81% of Australians reported higher living costs; the Consumer Stress Index rose to 60.1, above the long-run average.
- Households shifted budgets toward essentials, prioritizing value through provider switching, research, and more selective purchasing.
- Resilient employment remained the main buffer, supporting spending despite pressure concentrated in groceries, utilities, and transport.
- Transaction data pointed to non-discretionary purchases driving spending growth, with discretionary categories still under strain.
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