NAB says Australia cost — of — living stress hits 12 — year high in Q3 consumer survey

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. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. NAB — National Australia Bank Ltd. published the original content used to generate this news brief on September 25, 2026, and is solely responsible for the information contained therein. (C)