Posts tagged "cost of living"

The peak body for small businesses associations has ranked the major parties on 12 issues it considers vital to the small business sector.

The Wage Price Index is now showing the worst performance ever compared with the Consumer Price Index, providing concrete evidence that the buying power of wages is shrinking.

Pitcher Partners' Craig Whatman and Peter Quattrocchi explain why the change in fuel tax credits will make the the next 12 months extremely tough for the freight and transport industries.

Any pay rise will create increased costs for employers, who will pass that onto consumers. This will increase inflation and the cycle will continue.

"You should strongly consider matching your team’s salaries with inflation every quarter, without the need for government or union intervention," writes small business owner Avi Efrat.

Albanese says a summit is needed to work out how best to improve outcomes for both employers and employees.

Opposition Leader Anthony Albanese says his party would support a 5.1% lift to the minimum wage to keep pace with the cost of living.

"What we’re not hearing enough of is what our politicians will do to manage the impact of inflation and interest rates on small business owners," writes COSBOA CEO Alexi Boyd.

Minor inflation can be a useful thing as it tends to slow rises in both the cost of goods and wages, making the economy all very manageable. But runaway inflation is diabolical.

There are two paths out of inflation: rate rises or lower government spending. What will it be?

Inflation is climbing at an annual rate of 5.1%, according to the latest Consumer Price Index (CPI), up substantially from December's figure of 3.5%, as housing and fuel costs surge.

As the price of sushi and sangas soar, cost-of-living pressures raise new questions around whether workers will be likely to return to Aussie CBDs.