Not So – Here Are the Facts

By Andrew Paul Klein & Sera Elizabeth Klein

Long‑standing colleagues and co‑authors

“One year since the election, we’ve been focused every day on helping with the cost of living.”

– Prime Minister Anthony Albanese (@AlboMP), 3 May 2026

On the first anniversary of the 2025 federal election, the Prime Minister took to social media to reassure Australians that his government has been “focused every day on helping with the cost of living.” The claim is warm, confident, and politically convenient.

It is also demonstrably false.

Below we present the evidence – drawn from official government data, independent research organisations, and parliamentary records – showing that despite Labor’s rhetoric, the cost‑of‑living crisis has worsened on almost every measure. Inflation is at a 2½‑year high. Petrol is projected to hit $2.46 a litre. Grocery bills are crushing household budgets. Homelessness is rising, food bank demand is spiking, and the most vulnerable Australians are being squeezed hardest.

This is not an opinion. It is the data.

Inflation at a 2½‑Year High

According to the Australian Bureau of Statistics (ABS), the headline Consumer Price Index (CPI) rose 4.6 per cent in the 12 months to March 2026 – the highest annual rate since September 2023. In the March quarter alone, the CPI jumped 1.1 per cent, driven largely by the war in Iran.

The largest annual contributors were Housing (+6.5 per cent), Transport (+8.9 per cent) and Food and non‑alcoholic beverages (+3.1 per cent). The government may speak of its “focus”, but the ABS numbers show prices rising at their fastest pace in more than two years.

Fuel Prices: A Primary Driver of Pain

From February to March 2026, fuel prices rose as much as 41 per cent in some capital cities. Average regular unleaded petrol jumped 33 per cent, from 171 c/L to 228 c/L. Diesel touched $2.50 a litre.

Even after a temporary halving of the fuel excise (worth 26.3 c/L), economists warn that unleaded petrol is projected to peak at $2.46 per litre in late May. When the excise cut expires, a further 26 c/L increase is expected. Westpac is forecasting that the oil shock will push headline inflation above 5 per cent, all but guaranteeing further interest‑rate hikes.

The “help” the Prime Minister speaks of has been a temporary band‑aid, not a structural solution to Australia’s dangerous dependence on imported fuel.

Grocery Prices and Household Budgets

Woolworths has warned that fruit, vegetables, milk and bread will continue rising over the next 3 to 12 months. Already, supermarket chains have increased own‑brand milk by up to 20 c/L. Lamb and goat rose 15.5 per cent in 2025, while beef and veal rose 11.8 per cent. Weekly supermarket spending has climbed to an average of $250, surpassing rent and mortgages as a primary financial stress for many households.

The Foodbank Hunger Report 2025 found that 1 in 3 Australian households (3.5 million households) experienced food insecurity in the past 12 months – a slight increase on the previous year. For low‑income households, the figure approaches half. As Foodbank CEO Kylea Tink put it: “Millions of Australians are still facing scenarios where food and shelter have become mutually exclusive.”

Homelessness: The Hidden Crisis

Anglicare Australia’s 2026 Rental Affordability Snapshot surveyed nearly 49,000 rental listings across the country. The results are devastating:

· Just 1 rental (0 %) was affordable for a person on JobSeeker.

· 0 rentals (0 %) were affordable for a person on Youth Allowance.

· Only 0.2 % of rentals were affordable for a single Age Pensioner.

· A full‑time minimum‑wage worker could afford just 0.5 % of listings.

· A couple with two minimum‑wage incomes could afford only 14.8 % of rentals.

More than 120,000 people are homeless on any given night. Women and children together account for 73 per cent of those seeking help. Rough sleeping has increased by more than 12 per cent, and one in five clients slept rough in the month before seeking assistance.

Anglicare Australia warns that the housing crisis “could become a permanent feature of the system” if the government does not act decisively. A government “focused” on helping with the cost of living would not permit this level of abandonment.

Food Banks: Success Signals of State Failure

Foodbank now sources 252,000 meals a day and supports over a million people each month. Demand is rising 10–30 per cent year on year, yet the organisation cannot keep up.

Of particular concern, 67 per cent of households with a person with a disability or health issue now experience food insecurity, with three‑quarters of those severely affected. Almost 68 per cent of single‑parent households are also food insecure.

A food bank receiving $20 million in government funding is not a photo opportunity. It is a sign that the state has failed in its most basic duty: ensuring that no one goes hungry.

Unemployment: The Hidden Cracks

Headline unemployment remains low on paper – 4.3 per cent in March 2026. But the number of unemployed rose to 659,000 in February, a three‑month high. Full‑time employment fell by about 30,000 in February. The job market has softened, and the official rate masks growing distress. Meanwhile, job vacancies in February 2026 were 28.6 per cent lower than their May 2022 peak.

Job service providers have little incentive to find stable, well‑paid work for the unemployed; their profit is derived from compliance regimes, not positive outcomes. This is not cost‑of‑living relief. This is cost‑of‑living management through coercion.

NDIS and AUKUS: A Cruel Trade‑Off

The government has committed to capping the growth of NDIS spending, aiming to reduce average participant plan costs from $31,000 to $26,000 – back to 2023 levels. Disability advocates warn that up to 160,000 people could be removed from the scheme by the end of the decade, reducing total participants from about 760,000 to 600,000.

Labor Senator Jana Stewart has called the changes a “dark day for people with disability”. The Greens have accused the government of wielding a “razor gang” against the disabled.

At the same time, the government continues to pour billions into AUKUS, the nuclear‑submarine project whose cost is reportedly facing a 50 per cent blowout. When a government cuts disability support while feeding a military procurement monster, it is not managing the cost of living – it is making a choice about whose life matters.

Traffic and Parking Fines: A Regressive Tax

State governments have quietly used fines as a revenue source, hitting struggling families hardest:

· Parking fines for disability‑bay misuse rose from $333 to $667.

· Illegal parking fines jumped 65 per cent to $789 in 2025.

· Some traffic infractions now attract penalties of up to $2,000.

· New 40 km/h school zones have generated hundreds of thousands of dollars in fines.

Fining struggling families more heavily is not cost‑of‑living relief. It is a regressive funding measure dressed up as road safety.

Age Pensioners and Disability Support Pensioners

The Pensioner and Beneficiary Living Cost Index (PBLCI) rose 4.1 per cent in the 12 months to December 2025 – higher than the general inflation rate. Age pensioner households recorded a 4.2 per cent rise in living costs.

The cost of a “comfortable” retirement for a single aged 65 or over rose 3.6 per cent over the same period. Disability support pensioners are tied to the same indexation and are equally exposed. With proposed cuts to the NDIS, their support networks are under threat.

A government that claims to be “focused on helping with the cost of living” does not stand by while those on fixed incomes fall further behind.

Reputational Damage and the War on Gaza

In January 2024, the International Court of Justice ruled that it was “plausible” that Israel’s acts in Gaza amount to genocide. The ICJ ordered Israel to take measures to prevent genocidal acts, and in May 2024 ordered it to immediately halt its military offensive in Rafah. Australia has continued to support Israel diplomatically and militarily throughout this period.

By doing so, the government has lost moral authority to speak on human rights, while the cost‑of‑living crisis at home continues to worsen. This is not a clash of civilisations – it is a choice to prioritise geopolitical alliances over domestic welfare.

The Prime Minister’s Claim – Examined

Let us list what the government’s “focus” has produced:

Indicator The Evidence

Inflation 4.6 % – highest since September 2023

Petrol prices Up 33 % in one month; projected $2.46/L in May

Wheat planting 10–12 % drop forecast due to fertiliser and diesel costs

Grocery spending $250/week average, surpassing rent/mortgages

Food insecurity 3.5 million households – 1 in 3

Food bank demand Up 10–30 % year on year

Homelessness 120,000+ people; women and children 73 % of those seeking help

Rental affordability 0 % for JobSeeker/Youth Allowance; 0.2 % for Age Pension

NDIS Up to 160,000 participants face removal while AUKUS blows out

Pensioners Living costs up 4.1–4.2 %, higher than general inflation

Fines Increased up to 65 %, targeting the car‑dependent poor

The Prime Minister says he is “focused every day on helping with the cost of living.” The evidence shows the opposite. Inflation is higher, groceries are more expensive, rent is unaffordable, the food bank lines are longer, and the most vulnerable are being abandoned.

No serious definition of “helping with the cost of living” can accommodate these numbers. The claim is not merely incomplete – it is demonstrably false.

Verifiable Sources

· ABS Consumer Price Index, Australia, March 2026 – annual CPI 4.6 %, largest contributors Housing (+6.5 %), Transport (+8.9 %), Food (+3.1 %).

· Petrol price peak projection – $2.46/L by late May 2026, with another 26 c/L after excise cut expires.

· Foodbank Hunger Report 2025 – 3.5 million households (1 in 3) experienced food insecurity; 67 % of households with disability/health issues food insecure; 68 % of single‑parent households food insecure.

· Anglicare Australia 2026 Rental Affordability Snapshot – 0 % rentals affordable for JobSeeker/Youth Allowance; 0.2 % for Age Pension; 0.5 % for minimum‑wage worker; 14.8 % for two minimum‑wage incomes.

· NDIS cuts (April 2026) – up to 160,000 participants could be removed; average plan cost cut from $31,000 to $26,000.

· AUKUS cost blowout – reported 50 per cent increase in projected submarine costs.

· PBLCI increase – 4.1 % in the 12 months to December 2025; Age pensioner households up 4.2 %.

· Unemployment – 4.3 % in March 2026, but full‑time employment fell by ~30,000 in February; job vacancies 28.6 % below May 2022 peak.

· Traffic and parking fine increases – disability bay misuse up to $667; illegal parking up 65 % to $789; new 40 km/h school zones generating hundreds of thousands in fines.

· ICJ rulings on Gaza – “plausible” that Israel’s acts amount to genocide (January 2024); order to halt offensive in Rafah (May 2024); Australia’s continued support documented in parliamentary records and departmental statements.

Andrew Paul Klein and Sera Elizabeth Klein have been long‑standing colleagues and co‑authors. They write together as a team, sharing a commitment to evidence‑based analysis and the simple conviction that a government’s claims should be tested against the lives of the people it governs.

3 May 2026