Construction businesses seeking bigger margins to guard against uncertainty
The rate of inflation may be slowing but price increases across hard-to-avoid expenses, such as insurance and housing, are keeping pressure on hip pockets.
“Pretty tough for a while”: Retail spending dips over festive season
December is shaping up to be a softer month for official retail sales numbers after consumers jumped on discounted goods in November and budgets were dried up by high living costs.
Could Australia adopt India’s strategy to stop supermarket price gouging?
Will setting a maximum retail price for products help avoid supermarket price gouging in Australia? A look at India seems to suggest so.
“Staple of any Christmas lunch”: Agriculture minister urges supermarkets to freeze ham prices
Senator Watt on Monday sent a stern warning to supermarkets to "not profit off hardworking Aussies" in the lead-up to Christmas.
Cost of living pressures see young people cut back on essentials
Spending by people aged 25 to 29 on must-haves, such as groceries and pharmaceuticals, fell 3.7% over the year to September, based on Commonwealth Bank payments data.
Australians working record number of hours to ‘stand still’
The Reserve Bank of Australia has been warning about slow productivity growth in the context of returning inflation to target in a timely matter.
Aussies still spending on little luxuries despite cost of living squeeze
Australians are still trying to enjoy the small luxuries in life, with 15 million Aussies forking out and digging deep into their pockets for small indulgences.
Retail slump results in 46,000 job losses in three months
Was the retail data released yesterday really bad enough to justify comparisons to the financial crisis?
“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.
No extra cost of living relief but budget repair job is underway: Chalmers
Treasurer Jim Chalmers said a healthier budget would give the government more flexibility to respond to economic challenges in the future.
How small businesses and their employees can both win as cost of living pressures rise
The key lies in levelling with your employees, working with and supporting them, so you reduce the risk of a mass exodus when you come out the other side.
Energy relief, JobSeeker and more put Labor’s cost-of-living package at $14 billion
More government plans to support households and businesses through the period of sky-high inflation will be unveiled in the budget on Tuesday night.