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Cheap spirits, pricey condoms: how war in the Middle East is shifting the way Australians spend

Beyond cutting back on driving, households are slicing deeper into their budgets, with some even forgoing healthcare Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast As soon as petrol prices started to rise in response to the Middle East conflict, many Australians – already grappling with high living costs – changed their spending habits. Beyond cutting back on driving, households are slicing deeper into their budgets, with some even forgoing healthcare. Here are four shifts in consumer behaviour, as observed by businesses across the country. There has been a years-long trend in Australia of drinking less, but better quality, alcohol. That has started to change as consumers search for cheap drinks. The ASX-listed alcohol packaging company Orora has detected a global shift toward cheaper spirits since the start of the Iran war. The volume of sales is also less than they had previously forecast due to diminishing customer confidence. Steven Fanner, the executive director at Spirits & Cocktails Australia, says Australians are “trading down” due to rising living costs. “They are getting something that’s a little bit chea

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May 3, 2026
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Apr 26, 2026 → May 3, 2026

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May 3, 2026·The GuardianT2 · Outlet report
The Hormuz hike: why the RBA is predicted to deliver a third straight interest rate rise this week

While interest rate rises can’t affect the surging price of oil caused by Middle East turmoil, they are still the Reserve Bank’s best – and only – tool to fight inflation Follow our Australia news live blog for latest updates Get our…

Read original at The Guardian →
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May 3, 2026·The GuardianT2 · Outlet reportLATEST
The Hormuz hike: why the RBA is predicted to deliver a third straight interest rate rise this week

While interest rate rises can’t affect the surging price of oil caused by Middle East turmoil, they are still the Reserve Bank’s best – and only – tool to fight inflation Follow our Australia news live blog for latest…

Read original at The Guardian →

April 2026

1 update
Apr 26, 2026·The GuardianT2 · Outlet reportOPENING
Cheap spirits, pricey condoms: how war in the Middle East is shifting the way Australians spend

Beyond cutting back on driving, households are slicing deeper into their budgets, with some even forgoing healthcare Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily…

Read original at The Guardian →

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What this story stands on. Tier 0 is a primary record or the subject's own words; higher tiers must be attributed, never stated as bare fact.

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T2 · Outlet reportThe GuardianMay 3, 2026

While interest rate rises can’t affect the surging price of oil caused by Middle East turmoil, they are still the Reserve Bank’s best – and only – tool to fight inflation Follow our Australia news live blog for latest updates Get our…

View source →
T2 · Outlet reportThe GuardianApr 26, 2026

Beyond cutting back on driving, households are slicing deeper into their budgets, with some even forgoing healthcare Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast As soon…

View source →

Tier key: T0 = Primary source · T1 = Wire · T2 = Outlet report · T3 = Commentary

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