Lifestyle

In 70 years time a cup of coffee may cost you a whopping $34

STATISTICS: Rockhampton’s Tori Keating has an eye for constantly rising inflation figures.
STATISTICS: Rockhampton’s Tori Keating has an eye for constantly rising inflation figures. Chris Ison

ATTENTION coffee addicts - start cutting down now.

Because in 70 years time a cup of caffeine may cost you a whopping $34.

According to news.com.au, a recent analysis conducted by NAB has revealed how the average price of a takeaway coffee could increase over the coming decades if inflation rates stay the same.

The data also found an electricity bill that cost $100 in 1973 now costs $295.24 and in 15 years could be $1051.71.

But Rockhampton's Tori Keating says there is no point "freaking out" about it.

"You're the only one who controls what you spend," the 18-year-old told The Morning Bulletin earlier this week.

"It all comes down to what money means to you."

Tori works for Clear Waters Financial Planning and is currently studying a Bachelor of Business.

"In the past you could buy a house for $80,000 or something ridiculous like that... that's just how inflation works," she said.

"Today's dollar won't be the same in the future. That's how our economy goes."

Tori encouraged people to budget, pay any bills before you hit the shops and always have a cash buffer for unexpected expenses.

Topics:  coffee editors picks electricity inflation



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