Why your morning coffee is more expensive

It’s no surprise that people are feeling bad about the economy and their finances.

But the latest look into consumer sentiment from the Westpac-Melbourne Institute’s index, reveals Australians are experiencing what the bank describes as a ‘cost-of-living nightmare.’

Meanwhile, you may have noticed the price of your morning cup of coffee has gone up as small businesses raise prices in the wake of the RBA’s surcharge ban.

So what does the ban mean for businesses? And consumers?

Carrington Clarke and ABC Business Reporter Lin Lin break it all down on ABC Business Daily.

Got a burning business question?

We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.