A drop in inflation has been welcomed as a small respite for struggling shoppers but households are being warned prices are set to bounce around and not come down in a straight line. Inflation cooled to 2.7 per cent in the 12 months to August, down from 3.5 per cent in July, taking it to […]
Power subsidies and cheaper petrol drive down inflation Read More »
Australians have been gifted a slight reprieve, with inflation moderating to 2.7 per cent as price pressures hurt shoppers at the checkout. The drop in the inflation figure spanning the 12 months to August was spurred by a decrease in transport (-1.1 per cent) while housing (2.6 per cent), food and beverages (3.4 per cent) […]
Slight reprieve as inflation cools to 2.7 per cent Read More »
Australian business leaders are broadly optimistic about the state of the economy and more than half plan to hire and bolster workforces. Nearly nine in 10 Australian chief executive officers surveyed were confident about the economy despite a sluggish few quarters of growth engineered by policymakers trying to tamp down inflation. KPMG’s survey of more […]
Business leaders eye economic light at end of tunnel Read More »
Big economic reform is still possible if the government and businesses can put aside differences, the prime minister says, following criticism from a major lobby group. The government remained committed to the corporate sector, especially as there was overlap between the two groups, Anthony Albanese has told business leaders. His speech at the Business Council […]
Let’s do business: PM reform plea to corporate leaders Read More »
Fears of a tougher jobs market is starting to muscle out cost-of-living pain as the top concern playing on consumer minds. Less chatter about interest rate hikes, tax cuts and power bill rebates from state and federal governments has boosted optimism concerning family finances, surveying suggests. Improved attitudes towards household budgets was more than offset […]
A tougher jobs market is becoming top concern playing on consumer minds Read More »
The prime minister has challenged the opposition to detail planned budget cuts should the coalition win government, after it said it could make “significant” reductions in spending. Shadow treasurer Angus Taylor flagged that the coalition has identified a large number of cost-cutting measures ahead of the federal election, due to be held by May. While […]
PM lays down budget challenge on coalition cuts Read More »
All households are feeling the pinch from rising living costs yet those renting or paying off a mortgage are experiencing the biggest hits to their purchasing power. Following the Reserve Bank’s decision to keep interest rates on hold and stamp out hopes of a near-term cut, the national statistics bureau has released indexes detailing the […]
Rising cost of living hammers renters and mortgage belt Read More »
Australian borrowers can breathe a sigh of relief as highly-anticipated inflation numbers land soft enough to dissolve fears of another interest rate hike The annual rate of headline inflation did accelerate, however, rising to 3.8 per cent, up from 3.6 per cent, marking the first increase in the consumer price index in 18 months, the […]
Inflation accelerates yet unlikely to spur rate hike Read More »
Experts will scour the first trickle of financial data for early clues on the state of Australia’s economy since tax relief kicked in. The purchasing managers’ indexes for the manufacturing and services sectors land this week, as pay packets rise on cost-of-living tax breaks. The start of the new financial year ushered in the cuts […]
Hints on state of economy as cost relief kicks in Read More »
Online retail therapy is still booming despite the cost-of-living crisis putting pressure on Australian wallets. Even with inflation leading to more expensive groceries, interest rates remaining high and wages staying relatively stagnant, Australians are choosing to pop items into their online shopping baskets. Australia Post’s latest report revealed online spending grew by two per cent […]
Online shopping spree despite cost-of-living crisis Read More »
"Need-to-know" legal and commercial information to help you and your business prosper.
