West Australians are dodging higher petrol prices by choosing to take public transport, taxis and rideshares, new spending data suggests.
Millennials led the rise in spending on “other transport” — which include public transport, taxis and rideshare companies — in August with an 18 per cent increase in transaction volume compared with a year ago.
Total spend on “other transport” grew 15 per cent in August, with 5.4 per cent more users than a year ago.
Meanwhile, service stations recorded an 11 per cent decrease in the number of customers transacting year-on-year in August, as well as a 14 per cent drop in total spending volume.
The bank’s monthly analysis crunches the numbers on WA customer credit and debit activity to spot responses to fluctuating economic conditions.
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