The bank’s job is to hold inflation between 2 and 3 per cent. Since mid-2014,it has hit that mark on just four occasions.
Australian house prices are out-performing most of the world,even after inflation,but pressure is growing on the business sector.
The past few years have been tough financially for many of us,and it’s potentially changing our eating habits.
Inflation for most goods and services has been falling since late 2022,but the price of beer has risen at its fastest rate in decades.
Just four weeks out from the federal budget,Treasury has highlighted global economic headwinds and warned the government to be cautious.
Treasurer Jim Chalmers will hand down his third budget in just over a month. Having Paul Keating,arguably the nation’s greatest economic reformer,as an idol is starting to weigh on him.
Consumers have been struggling with high inflation,interest rates and tax for months – but there are signs the pressure on shoppers is moderating.
Andrew Leigh,a federal minister who is also a long-distance runner,races readers through the history of economics in his latest book.
The largest changes to the laws governing business mergers will be unveiled on Wednesday as the government seeks to make the economy more competitive.
Far from stealing our homes,migrants are returning to their pre-COVID university digs and propping up our economy.
Research also reveals Australians work some of the longest hours in the developed world,and the retirement figures do not account for a key SEQ demographic.