With inflation at 4.9%, will the RBA hold fire on interest rates?
Australia’s inflation rate has dived from 5.6% to 4.9% in October, pushing it below 5% for the first time in 20 months.
“Tumultuous economic conditions”: 91% of SMEs feeling the cost pinch
The rising cost of doing business is attributed to wage pressures, the cost of goods and services, and cash flow management, the study highlighted.
Australia’s inflation crisis is far from over, data shows
Data shows the end of inflation will be slower and more fitful than hoped, and the price of fighting it will be higher.
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.
The AFR, a serial denier of profit-driven inflation, has raised its price by 25%
Those few people who duck into their newsagents and buy a copy of the AFR may have noticed the paper now costs $5, up from $4.50 in 2022, which had been increased after a long period of costing $4.
Inflation remains Australia’s biggest challenge amidst deepening economic downturn
Federal Treasurer Jim Chalmers is “cautiously optimistic” inflation has peaked. But he warned that rising prices remained “the defining challenge” amid a global economic slowdown and geopolitical uncertainty.
Are real wages falling or growing? Let’s look at the evidence
To get at the truth about wage movement, we need to appreciate that prices fluctuate more rapidly than wages do and that underlying economic forces drive the longer term growth in real wages.
