Retiree costs jump amid higher electricity, insurance prices - financialnewswire.com.au

Global trade collapse adds to Australia's economic strain

Cost of living updates for September 15 reveal retiree outlays rose after energy and insurance costs increased. Close to half of Australians in shared rental housing are at least 40 years old. International petrol price jumps set off protests in several countries. In Syria, price hikes caused the widest demonstrations since Assad fell.

Australia is under economic pressure amid the breakdown of global trade rules, according to Nine.com.au. A Guardian report stated the Iran war cost the United States $38 billion and drained its missile reserves.

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