Finance

Australia’s top economists are divided about how to tackle ballooning inflation of 6.1% that’s forecast to climb to a three-decade high of 7.75% by the end of the year.

With inflation soaring, fast food vendors aren't safe from economic pressures — and the humble burger may be one of the clearest indications of how sharply costs are rising.

Low-income Australians can't do a thing about inflation, but they'll have to wear the cost of dealing with it.

The Westpac Group will close 24 branches, CBA will close five and the NAB will close eight banks, the Finance Sector Union says.

Cult gelato chain Gelato Messina has once again informed customers of a price hike, hoping an up-front explanation of mounting inflationary pressures won't leave a bad taste in consumers' mouths.

If the Productivity Commission really wants to link productivity to higher wages, it should look at the market power of corporations, says Bernard Keane.

Why did the Reserve Bank just hike its cash rate by an out-sized 0.50 percentage points for the third consecutive month, taking it to 1.85%? Partly because it knows what is to come.

The Productivity Commission’s interim report said the service sector accounts for 80% of output and 90% of employment in Australia.

Higher interest payments are on the cards for small businesses and household borrowers after the Reserve Bank of Australia lifted its cash rate target by 0.5% to 1.85% on Tuesday.

MP Rebekha Sharkie says expanding the aged pension income test would remove barriers keeping experienced staff from the workplace.

It's claimed that Australians are already taxed on beer more than almost any other nation in the world, and the price of a schooner is about to take another big leap.

The Reserve Bank of Australia is predicted to announce an interest rate rise of 0.25% to 0.5% today, which could take the cash rate to 1.85%.