Australia; VIC
***This story contains information some readers may find distressing as it refers to data about mental health, suicide and self-harm. If you or anyone you know needs help, support is available now. Call Lifeline (Aus) on 131 114 or Beyond Blue on 1300 22 4636, or Lifeline (NZ) on 0800 543 354. ***
Every 1% monthly increase in annual inflation has been linked to a 4% increase in the suicide rate one month later in the general population, according to Australian research, which found the increase was even greater in the most and the least disadvantaged areas. The study examined how changes in interest rates and inflation might be tied to changes in suicide risk in the current cost-of-living crisis. The researchers found that although an increase in the cash rate was not associated with an increase in the suicide rate, an increase in owner-occupier housing debt was associated with an increase in the suicide rate for people residing in less disadvantaged areas. The researchers say the findings underscore the importance of recognising socioeconomic disparities when designing policies in response to the current cost-of-living crisis and future economic downturns.
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