Australia’s inflation rate is now at its lowest in two years Australia’s annual inflation rate fell to 4.1% in the December quarter of 2023, down from 7.8% in the December quarter of 2022.
Happy birthday AUD: A timeline of how the Australian dollar was floated 40 years ago The momentous decision to float the Australian dollar was taken on Friday, December 9, 1983, by the Hawke Labor Government.
A majority of NFTs now estimated to be worthless The two most traded sets of NFTs are the Bored Apes collection created in April 2021 and the CryptoPunks collection launched in June 2017.
How the federal budget may change the RBA’s view on interest rate hikes The RBA’s latest forecasts now assume no further rate rises will be needed for inflation to fall back to the central bank’s 2-3% target range by mid-2025.
Inflation has peaked, but interest rate rises are still likely Inflation is likely to keep easing as both the “headline” and “trimmed mean” measures are heading in the right direction.
Latest data shows Victoria is leading Australia in economic growth while NSW is in last place The annual gross state product accounts from the Australian Bureau of Statistics record the equivalent of gross domestic product.
Australia’s June quarter accounts show GDP is doing well, but economic management is about to get harder Australia’s economy is now more than 5% bigger than it was before COVID-19, a better performance than most comparable economies.
Australia’s inflation rate will soon be published each month. Here’s what that means Australia’s consumer price index is about to go monthly, meaning Australia will join most of the developed world in getting an update on inflation at the end of every month, instead of once every three months as at present.
Six graphs that explain Australia’s growing economy, and how the share going to wages is shrinking Even though more of the population is in work than ever before, the share of national income going to wages has sunk to a near all-time low of 49.8%.
Australia’s unemployment rate officially begins with a ‘3’. What now?’ Thursday’s figure for the month of April has broken the 4% barrier, with unemployment in Australia officially sitting at 3.9%.
Inflation is now at 5.1%, so when will the Reserve Bank raise mortgage rates? With the RBA cash rate at an all-time low, and an increasing risk that the current inflation will become embedded in expectations, an increase in rates is a matter of “when” not “if”.
Why the fuel excise cut won’t save you as much as Josh Frydenberg says it will At a cost of about $3 billion, cutting 22 cents in tax from every litre of petrol for six months will disproportionately help wealthy households.
