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AAP
AAP
Business
William Ton

DARK SECRETS: Too expensive high car costs drive down budgets | Vintage Vibes

The price of new cars, higher interest rates and insurance premiums are pushing up transport costs. (Jason O'BRIEN/AAP PHOTOS)

Australian households are under increasing budget pressure when it comes to car travel as transport costs balloon to three times the inflation rate.

The typical household transport costs rose by about 13 per cent in 2023, outpacing the inflation rate of 4.1 per cent.

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