For subscribers

News analysis

Australian PM Albanese’s political honeymoon ends as cost-of-living concerns bite

Sign up now: Get ST's newsletters delivered to your inbox

People shop for fresh produce at the Queen Victoria Market in Melbourne. Household budgets in Australia have come under growing pressure as food prices and interest rise.

Consumer sentiment in Australia has been at sustained lows that have not been seen since the country’s last major recession three decades ago.

PHOTO: AFP

Follow topic:

- Before departing for a series of summits and meetings in Jakarta, Manila and New Delhi last week, Australian Prime Minister Anthony Albanese reportedly joked that it would be a “trip from hell” – a reference to the gruelling, non-stop itinerary.

But it turned out that the real troubles were awaiting him at home.

See more on