Families across New South Wales are being slammed by the cost-of-living crisis showing no sign of relief because it is being driven squarely by Labor’s mismanagement of the economy.
Figures released for the 12 months to December 2025 show that the Consumer Price Index (CPI) in NSW has jumped to 3.7%, up from 3.4% in November.
This surge is being driven by the very essentials that every household relies on, with Labor failing to keep a lid on skyrocketing costs, including:
· Water and Sewerage: up 19.4%
· Utilities (General): up 12.4%
· Electricity: up 11.5%
· Gas: up 8.7%
Shadow Treasurer Scott Farlow said these figures prove the Minns Labor Government has no grip on the economy.
"NSW Families are paying the price for Labor Governments in NSW and in Canberra. With inflation running at 3.7% families and small businesses will be looking squarely at an interest rate rises that will put more pressure on struggling household and small business budgets," Mr Farlow said.
"Under Chris Minns and Labor the cost of utilities and essentials have spiralled out of control. As an example, electricity is up 11.5 per cent, and Federal Government electricity subsidies expired at the end of last year, leaving NSW families to pay higher bills for Labor’s failure.”
“Borrowers will be watching the Reserve Bank next Tuesday anxious, hoping for the best but expecting the worst. Families simply cannot afford another hit to their monthly repayments, yet Labor’s lack of fiscal discipline continues to drive the inflation that puts rates at risk."
“While the cost of everything is going up, under the Minns Labor Government taxes have increased by 30% and the NSW economy is at the back of the pack, with growth in our Gross State Product at 0.9% - the lowest in the Nation.”
“Labor is mismanaging the economy – and NSW families are paying the price.”