Global Scans · Cost of Living · Weekly Summary

• [New] Looking forward to the rest of 2025, if the UK Government hits its target of stabilising inflation to 2% or below, the upward trend of the cost of living will flatten, allowing pay packets to go further and easing pressure on employers to pay more. HR Datahub
• Settlement Services International welcomes the Albanese Government's 2025-26 Federal Budget and continuing measures to address cost of living pressures and promote social cohesion which goes some way to delivering stronger inclusion and integration for multicultural communities. SSI
• Addressing the Cost of Living: Implementing policies to address the high cost of living, particularly housing costs, will make Seoul more attractive to residents and businesses. Archynewsy
• With the cost of living crisis affecting everyone around Australia, people look to capital cities like Sydney and worry housing prices will double for every ten years that go by. realestate.com.au
• SINGAPORE - Over 10,000 households in Marsiling-Yew Tee GRC will be able to buy cooking oil, eggs or rice for $1 under a new initiative to help residents cope with the rising cost of living. The Straits Times
• Australia cannot afford further delays to reforms that will directly address the cost of living pressures facing everyday Australians. The Fintech Times
• Some politicians warn that the tax incentives will represent a corporate giveaway to wealthy studio bosses; others argue that more importantly they are about keeping jobs in California and offering workers a wage to match the high cost of living. The Guardian
• Even with annual carbon tax increases until 2031, it would remain a net benefit for Canadians struggling with the high cost of living. Canadian Accountant - Accounting News, Business & Finan
• Canada's next government has the opportunity to raise living standards by increasing incomes and cutting the cost of living. C.D. Howe Institute
• Budget 2025 delivers the promised tax cut that will save Albertans hundreds of dollars starting in 2025 to help with the rising cost of living. Alberta.ca
• Macro support will be required since there is still a cost-of-living crisis for many, and tariffs (whether imposed by the United States or Canada) will hurt lower-income groups more than others both through job losses and higher living costs. Centre for International Governance Innovation
• If US families are worried about job security and affording the high cost of living, they will be less likely to take on mortgage debt, even if rates get cheaper in a downturn. CNet
• The trade duties on Canada, China and Mexico will result in higher prices for U.S. consumers, contrary to Trump's pledge to lower the cost of living. Kyodo News+
• Against Australia's current economic backdrop including cost of living pressures and rising energy bills, it's easy to assume financial benefits will be a key motivator to unlocking consumer engagement. pv magazine Australia
• The EPA argues that the deregulatory actions will lower the cost of living for American families by rolling back regulatory costs and hidden taxes for families. Compliance & Risks
• As Australia heads for a federal election campaign likely to focus on the rising cost of living, many of us are wondering when, exactly, cheap renewables will bring cheap power. The Conversation
• Veterans receiving VA disability benefits will see a 2.5% Cost of Living Adjustment in 2025, leading to a $94 increase in payments for some recipients. UP Excise Portal
• The cost of living for American families will decrease, and essentials such as buying a car, heating your home, and operating a business will become more affordable. Watts up with that?
• A sharp depreciation of the Pakistani rupee against the US dollar could drive import costs, further exacerbating the cost of living. The News International
• For more than a half-century, people have gravitated toward Sun Belt states, drawn by employment opportunities, as well as lower costs of living and warmer climates compared with other regions. The Pew Charitable Trusts
• The US public remains concerned about the cost of living and is unconvinced about the benefits of tariffs, which economists have warned are likely to lead to higher prices for US businesses and households. BBC News
• Rising trade barriers or tariffs could increase the cost of imports, disrupt supply chains, and negatively affect the cost of living for Bahamian consumers. Office of the Prime Minister

Last updated: 29 June 2025