Inflation-beating pay rises can’t be widespread: RBA
RBA governor Philip Lowe says the lowest-paid workers need to be insulated from high inflation but a surge in wages across the board could be a problem.
RBA governor Philip Lowe says the lowest-paid workers need to be insulated from high inflation but a surge in wages across the board could be a problem.
The promise of cheaper energy bills in the future could be too late for many Australian households concerned about powering their homes this winter.
The under-fire Tasmanian premier has been told to stick plans for a AFL stadium up his rear end as thousands voiced opposition to the controversial project.
The Tasmanian Liberal government will be thrown into a minority as two MPs plan to quit the party over issues including plans to build an AFL stadium.
The Tasmanian Liberal government has been thrown into minority as two MPs quit the party over plans to build an AFL stadium in Hobart.
Jim Chalmers says his budget provided targeted cost of living relief to the most vulnerable, fending off attacks that not enough was done for middle Australia.
Jim Chalmers says his budget will not fan inflation or lead to more interest rate rises but some leading economic experts are not convinced.
Fierce competition for workers and government wage polices are expected to underpin strong wage growth in 2024, the federal budget papers confirm.
The treasurer has ruled out tinkering with family tax benefits when he hands down his second budget in May, but he could have gas producers in his sights.
Former Treasury boss Ken Henry warns inadequate tax settings are worsening intergenerational inequality as the treasurer prepares for his second budget.
Major Australian shopping centres have turned over a record $54 billion in sales last year as customers returned to bricks and mortar shops after lockdowns.
Victoria's Essential Services Commission has proposed annual power bill increases of $426 a year for residential electricity customers on default offers.
Despite a softening of language from the RBA, economists are tipping another rate rise when the central bank next meets.
After rebounding from the pandemic, the travel industry is facing further setbacks as holidaymakers face cost-of-living concerns.
Business conditions remain firmly in positive territory despite successive interest rate rises, although sentiment in the community has dived.
The disconnect between households worried about wages and mortgage repayments and businesses, which appear to be doing just fine, hasn't gone unnoticed.
Domestic airfares are still flying well above pre-pandemic levels but relief is in sight for passengers as prices start to drop.
A Torres Strait Islands cost-of-living summit looking at how to ease soaring basic food prices, particularly on outer islands, will be held on March 20.
The fate of Scott's Refrigerated Logistics, which is the nation's largest cold chain transport operator, has set alarm bells ringing through the sector.
The federal government says it has made no decisions about major superannuation tax changes as the opposition continues its attack on the hinted proposals.
The federal opposition will not support changes to superannuation tax breaks flagged by the treasurer as he looks for opportunities to repair the budget.
Wages have improved again but by less than expected and not nearly enough to keep up with the cripplingly high cost of living.
The Reserve Bank's hike in the cash rate to 3.35 per cent and indication of further rises has many concerned about the impact on jobs and the economy.
Wholesale electricity prices and carbon emissions dropped in the December quarter as solar and wind became "most valuable player" in the Australian market.
The soaring cost of living is leaving wages for dust, with workers needing generous pay rises to outpace inflation.
Deloitte Access Economics warns Australia could fall into a recession if the central bank lifts interest rates again, with households already hurting.
The Sunshine State is the country's best-performing state economy for the first time in more than a decade of CommSec rankings.
Taxpayers are set to fund a compensation deal for Gladstone Power Station owner Rio Tinto over the coal price cap, but it will be "nothing like" $450 million.
Christmas and Boxing Day sales have hit record amounts and growth with Australians rewarding themselves after a tough year.
Taxpayers are set to fund a compensation deal of up to $450 million for Gladstone Power Station owner Rio Tinto over the coal price cap in Queensland.
Clive Palmer's Waratah Coal wants a review of a Queensland court's advice that its proposed coal mine should be rejected due to climate change impacts.