February’s figures held steady at an annual inflation rate of 3.4%, which has been consistent for the last three months. This plateau suggests a pause in the relentless price climbs that have worn out family wallets. Economists caution against celebrating just yet, pointing to the inherent unpredictability of monthly data and if inflation is matching… Continue reading Stable Inflation Rates
Tag: Cost of Living
Navigating Through Economic Headwinds: Australia’s Delicate Balance
Australia finds itself at a critical juncture, grappling with several sizable economic challenges that threaten to disrupt its post-pandemic recovery. The landscape is marked by stubbornly higher inflation figures, potential recession signals, and a closely scrutinised monetary policy. Requiring smart fiscal strategies from the federal government to steer the economy towards stability and growth. Recent… Continue reading Navigating Through Economic Headwinds: Australia’s Delicate Balance
Rising Unemployment, Inflation, and the Potential for Reform
Last week the National Accounts prepared by the Australian Bureau of Statistics were released for the December 2023 quarter. The key points in the report were that the Australian economy rose 0.2% in seasonally adjusted chain volume measures and in nominal terms GDP by 1.4%. The terms of trade grew 2.2%, while household saving to… Continue reading Rising Unemployment, Inflation, and the Potential for Reform
Rising lipstick sales amid economic gloom
When consumers start to feel the pinch from a slower economy, people opt for a smaller treat instead. This could be making your coffee at home, rather than buying a takeaway coffee or buying lipstick instead of a designer handbag. This is better known as the ‘lipstick effect’ and the Australian Retailers Association recently noted… Continue reading Rising lipstick sales amid economic gloom
The Great Australian Dream
Australia has found itself within a well publicised cost of life crisis due to rising food, energy and housing costs that are stretching already frayed family and individual budgets. This issue has expanded to such an extent that it now dominates political discourse, influences demographic trends, and challenges the nation’s economic policies and of course… Continue reading The Great Australian Dream
Cost of Living Pressure continues to rise.
Headline inflation picked up last month as energy prices jumped, while the underlying price pressures eased reducing the chances of another Reserve Bank rate rise in June. Consumer prices advanced 6.8% in April, the Australian Bureau of Statistics said on Wednesday, a rate higher than the 6.4% pace economists had expected, and the 6.3% reading… Continue reading Cost of Living Pressure continues to rise.