Collins: “Fairness” front and centre in Labor’s 2024 small business strategy
A fairer competitive landscape will help small businesses cope with persistent inflation and economic volatility, Small Business Minister Julie Collins says, outlining the federal government's approach to small business support in 2024.
What small businesses are doing to bust cost of living pressures
Fresh data showing inflation growth over the September quarter comes as no surprise to small businesses across Australia, which are torn between raising prices and laying off staff, or offering special deals to customers also struggling to keep up with the cost of living.
With inflation at 7.8%, another interest rate rise in February is all but guaranteed
Interest rates are almost certain to rise again in February, after the latest Consumer Price Index (CPI) figures showing inflation hit 7.8% in 2022 – its highest rate in 33 years.
Budget 2022: “Literally exhausted” small business community cautiously optimistic about support measures
Australia's small business sector has welcomed new federal budget measures designed to alleviate the skills crisis, but a lack of direct cost-of-living support remains a concern for the hospitality sector.
Budget 2022: 10 things we know about Labor’s “wellbeing” budget and support for businesses
A lot can change in six months. Just ask Treasurer Jim Chalmers, who will on Tuesday deliver a vastly different federal budget to the economic roadmap laid out by the Coalition in March.
Real wages in Australia fall by fastest rate on record ahead of Jobs Summit
Australian households are suffering under the sharpest decline in purchasing power on record as “sluggish” wages growth continues to lag behind skyrocketing prices for everyday essentials.
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.
Ahead of the RBA’s next cash rate decision today, economists predict further hikes — and no let-up until late 2023
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%.
Fuel, groceries and housing: Where is inflation hitting us hardest?
Current inflation levels in Australia have only been seen once in the past three decades. Where is being hit hardest?
Builders call for support as housing costs rise 9%, while Jim Chalmers prepares to dampen economic expectations
The federal government should keep the Australian Building and Construction Commission in place and compensate building contractors for projects which skyrocket in price, construction industry organisations say.
The annual inflation rate is now 6.1%, as the cost of everyday essentials hits businesses and households
The cost of housing, fuel, and furnishings all drove inflationary pressures, the Australian Bureau of Statistics says.
Inflation is surging and wages are falling. Expect big rate hikes and a US recession
With the US facing a recession and interest rates rising globally to curb inflation, Australia is facing a tumultuous economic period.
