As petrol prices continue to soar past $2 a litre, there are now reports that we could be paying up to $7 for a coffee by the end of the year! So what is going on with the cost of living in Australia, and why is everything getting so expensive?

The Quicky speaks to an expert economist to find out the reasons behind the price surges on everyday products, how long we can expect big bills at the checkout, and whether the cost of anything is going to come down?

CREDITS

Host: Claire Murphy

With thanks to:

Peter Martin - Business and Economy Editor for The Conversation Australia, a Visiting Fellow at Australian National University's Crawford School of Public Policy, and Presenter of the ABC Radio National program The Economists

*Please note written comments about the cost of living from our listeners have been voiced in this episode by our Mamamia colleagues.

Producer: Claire Murphy

Executive Producer: Siobhán Moran-McFarlane

Audio Producer: Jacob Round

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François Villeroy de Galhau (Banque de France) : "La BCE n'est pas abonnée aux hausses de taux jumbo !"