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.