Woolworths bumped price of baby food before ‘discount’
Woolworths sold baby food at a higher price for just three weeks before taking off 50 cents and marketing it as a price reduction, a court has been told.
inflation and deflation
Warning for borrowers as RBA frets over its credibility
The Reserve Bank is worried about 1970s-style runaway inflation if it loses credibility in fighting inflation, as analysts warn of up to five more rate hikes.
Spoils of Iran war to deliver Chalmers a budget boost
The federal budget will be billions of dollars better off, even with added spending, because of higher commodity prices and inflation, a top economist says.
The RBA conflict that could decide its next rates call
Australia's central bank must abandon its narrow path and choose between getting inflation down quickly or keeping unemployment low, economists say.
CBA ups inflation prediction as supply chains strain
Australia is staring down the barrel of inflation above five per cent as a result of the Iran oil supply shock, economists from the Commonwealth Bank warn.
Labor backs above-inflation wage bump for low-paid
Wage increases have not been driving recent inflation pressures and low-paid workers deserve a real pay rise, the government says.
breaking_news
business (general)
consumer goods
consumers
economy, business and finance
finance (general)
inflation and deflation
personal finance
politics
prices
statistic
Calm before storm: RBA braces for spikes and hikes
The economy is expected to be hit with a savage inflation spike which will in turn increase the chances of more interest rate hikes.
Upcoming inflation data to show calm before the storm
February consumer price data to be released on Wednesday will shape the Reserve Bank's thinking on interest rates ahead of a crucial meeting in May.
central bank
economy, business and finance
inflation and deflation
interest rate
money and monetary policy
Three more rate hikes tipped as prices begin to rise
Construction contractors are already hiking prices due to rising fuel costs, in a sign the US-Israeli war in Iran is contributing to economy-wide inflation.
breaking_news
central bank
diesel fuel
economy, business and finance
inflation and deflation
interest rate
mortgages
petrol
unrest, conflicts and war
Treasurer warns of major economic damage from Iran war
Fresh modelling shows oil price shocks and soaring prices for other commodities will have a lasting impact on Australia's economy.
Collateral damage: war threatens to blow up inflation
Domestic pressures were behind the Reserve Bank's decision to hike interest rates, governor Michele Bullock says, although the Iran war will worsen inflation.
Oil shock further reason for tax reform, spending cuts
An economic downturn might be needed to bring inflation back to target, economists warn, but the government can help with spending cuts and productivity reform.
Interest rate hike ‘no slam dunk’ amid Iran uncertainty
Traders and economists widely expect the Reserve Bank to lift interest rates but uncertainty over the Iran war could convince the board to keep them on hold.
Wavering households ease urgency for more rate hikes
Economic data released this week will leave the Reserve Bank a little less concerned about underlying momentum in consumer demand, an economist says.
central bank
economy, business and finance
inflation and deflation
interest rate
unrest, conflicts and war
Rate hike odds spike for ‘live’ March RBA meeting
The battle to tame inflation has been thrown into more uncertainty by conflict in Iran and the Middle East, the Reserve Bank governor says.
Trump hails ‘golden age’ as US voters sour on economy
Donald Trump has broken the record for longest State of the Union speech as he claimed the US is "winning" under his leadership, even as his poll ratings slide.
‘Rise on the horizon’: inflation fuels rate hike fears
A small increase in underlying inflation has led to growing expectations the Reserve Bank will lift the cash rate in coming months.
‘Too high’: risk to economy forces RBA’s hand on rates
Minutes from the Reserve Bank's latest meeting reveal the thinking behind its call to lift interest rates for the first in more than two years.
Signs of softening spending could stay RBA’s rates hand
A surprise slide in consumer spending has thrown more uncertainty around the Reserve Bank's next move on interest rates.
Reserve Bank boss calls on businesses to invest smarter
Opposition MPs have grilled Reserve Bank officials over whether government spending and monetary policy errors contributed to the first rate hike in two years.
Why some economists go against the flow on RBA rate bet
The Reserve Bank is widely tipped to become the first major central bank on Tuesday to U-turn from rate cuts to rate hikes in the post-COVID inflation era.
Row over government role fuelling inflation, rate rise
Spending blow-outs by the government will force the Reserve Bank to hike rates, critics say, but the treasurer argues the private sector is driving inflation.
Rate rise pain all but certain after inflation shock
Hotter-than-expected inflation figures have convinced analysts the Reserve Bank will lift rates as soon as next week, heaping pressure on mortgage holders.
Magic number that could decide an interest rate hike
Traders now tip a greater-than-50 per cent chance of an interest rate hike in February, but some pundits are holding out hope for a Reserve Bank reprieve.
central bank
economy, business and finance
inflation and deflation
interest rate
macro economics
tariff
unemployment
Complacency risk for economy as tariff wars re-emerge
A deterioration in the job market could spare Australian borrowers interest rate hikes in 2026, an economist says.
Oasis tour tunes up economy but clouds rate cut hopes
Britpop giant Oasis and Black Friday bargains have helped bring Australia's economy back in tune, adding to the case against Reserve Bank rate cuts.
Rates hike still on the table despite softer inflation
A sharper-than-expected fall in inflation will encourage the Reserve Bank of Australia, but underlying price growth remains too hot for comfort.
February is live: RBA warns of impending rate hike
The average mortgage-holder's repayments could soon jump an extra $90 a month, with another Reserve Bank interest rate hike on the cards as early as February.
Splurging shoppers push economy over speed limit
The sharpest rise in household spending in 21 months suggests the economy is continuing to grow in strength, heightening Reserve Bank fears about inflation.
‘Very positive news’: ray of light post inflation shock
Equipment investment in Australia's IT sector almost doubled in three months amid a surge in data centre projects, which could help revive productivity growth.
Inflation surges as energy rebates run out of gas
Lower energy rebates and higher housing costs than a year ago have propelled the headline inflation rate to its highest level in 16 months.