A report by the OECD into the drivers of inflation challenges the official view of the Reserve Bank and federal Treasury.
Almost two-thirds of voters rate rising grocery and energy bills as the biggest drain on households,but one-quarter now list paying rent as a major pressure point.
Economic growth will be slower this year but real wages will overtake inflation sooner than expected as the RBA’s interest rate rises take effect.
Small businesses are bracing for higher energy bills come July 1 and calling for more government assistance.
East coast residents will be hit with huge electricity bill increases as authorities warn that dwindling gas supplies could plunge the market deeper into turmoil.
Government intervention in the coal and gas markets has slowed price rises,but households can still expect prices to go up another 23 per cent.
Households wanting to save can take solace from the fact there are hundreds of dollars between the cheapest and most expensive energy plans.
If you believe the government,the publicly owned renewable energy generator will drive down prices and create tens of thousands of jobs. But how?
China’s reopening has some positives for the Australian economy but will carry with it some negatives for the rest of the world.
The reopening of the world’s second-largest economy has been taken with optimism by markets,but the benefits might be limited to Australia’s energy exporters.
But while wholesale contracts for 2023-24 are already cheaper,one expert warned consumers won’t see a difference in their bills until the middle of the year.