Inflation cooling to plan but fuel on RBA’s watchlist
The Reserve Bank of Australia appears comfortable with the inflation outlook but there are concerns about petrol prices and a weakening Chinese economy.
The Reserve Bank of Australia appears comfortable with the inflation outlook but there are concerns about petrol prices and a weakening Chinese economy.
A solid slowdown in the inflation rate could be enough to convince the Reserve Bank to keep interest rates on hold for a second consecutive month.
Borrowers will welcome a break from interest rate hikes as Australia's central bank opts to keep the official cash rate steady at 4.1 per cent.
The battle against inflation is not over yet as the Reserve Bank board hikes again and takes the cash rate to its highest level since April 2012.
The great budget challenge for Treasurer Jim Chalmers has been to deliver help to Australians struggling with cost-of-living pressures without adding to inflation. So has the government achieved that aim?
Official inflation data shows consumer prices have started to lose momentum but the cost of living remains punishingly high for Australian households.
Inflation moderated in January, leading one economist to declare that an end to interest rate hikes "now appears to be in sight".
Thousands of Queensland households are spending more than a third of their income on rent and are unable to meet basic living standards, a new report suggests.
NSW Labor leader Chris Minns is calling for parliament to reconvene to curb soaring power bills as social service groups urge more relief for consumers.
The inflation dragon is still breathing fire as the treasurer says higher-than-expected US inflation will have implications for Australia.
More than nine in 10 public sector workers in NSW believe their salaries are stagnating, while a quarter want leave the state, a new survey has found.
House and unit rents have set records in the country's capitals, according to Domain, as cost of living pressures prompt calls for more affordable housing.
The US Federal Reserve has approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation.
Capital city household transport costs are more than $400 a week, with higher fuel costs taking up a greater proportion of the overall spend, a report says.
A surge in annual inflation to above five per cent has financial markets tipping a cash rate rise when the Reserve Bank board meets on May 3.
The consumer price index rose by a larger than expected 1.3 per cent in the December quarter, lifting the annual rate to 3.5 per cent.
.A sharp drop in the unemployment rate has helped lift confidence, but consumers are still concerned about the inflation outlook.