Annual inflation

Opposition Leader Peter Dutton had his microphone cut off during a heated showdown with Anthony Albanese over a contentious immigration detention ruling. So far, much of this year’s second-last question time has been dominated by Labor’s…

Australians are tackling the cost of living crunch by dipping aggressively into their savings, new figures have revealed.The data, from a survey by comparison site Finder, found 47 per cent of Australians have taken money out of their…

Inflation rose 6.8 per cent in the 12 months to February, suggesting Australia’s economy is on the track to normalisation. It’s the second consecutive month of lower annual inflation after the 8.4 per cent peak in December and the 7.4 per…

Australia’s largest bank is expected to make an eye-watering profit of around $5 billion in just half a year. The Commonwealth Bank of Australia (CBA) is set to announce its half-year interim earnings ending on December 31 this Wednesday –…

A prominent economist has warned Wednesday’s rise in inflation would likely see the Reserve Bank of Australia lift its cash rate on February 7.Increasing for the fourth consecutive quarter, the Consumer Price Index (CPI) saw a year-on-year…

Inflation is rising, and now I live more like a Boomer than a Millennial. Yes, living costs have become so bad that my lifestyle is more like a semi-retired mum than a hot young person. Globally inflation is the highest it has been in 30…

Inflation has climbed back to a 30-year high, as the World Bank issues a dire warning about how “perilously close” the global economy is to recession. The monthly consumer price index rose 7.3 per cent in the year to November 2022, the…

Prime Minister Anthony Albanese and Treasurer Jim Chalmers have handed down their first budget in the face of soaring inflation and a dark outlook for the global economy.Despite a boost to the bottom line of more than $40 billion off the…

Prime Minister Anthony Albanese is set to hand down his government’s first budget on Tuesday, October 25, in the face of soaring inflation and a dark outlook for the global economy.Treasurer Jim Chalmers has warned Australians to brace for…