annual inflation rate

The ranks of the Reserve Bank are set to be bolstered following the appointment of a top official from UK’s central bank.Following a 31-year stint at the Bank of England, Andrew Hauser, who has most recently led the markets division, will…

The Reserve Bank of Australia (RBA) has increased the official cash rate to 4.35 per cent at its November meeting, delivering fresh cost of living pain to Aussies ahead of Christmas.The rise, which is expected to be passed on in full by the…

Central banks worldwide are grappling with the challenge of curbing inflation, but there’s one nation that is facing a particularly severe crisis in what is now being dubbed the post-Covid economy. In an attempt to address its alarming…

More Aussie businesses are collapsing now than before the pandemic as “zombie companies” are flushed out of the system — and experts warn it will “get worse before it gets better” as consumers tighten their belts.The latest insolvency…

People in Argentina can’t even afford basic groceries as the country’s inflation skyrocketed by more than 100 per cent – its worst record in 30 years.This means Argentinians are paying more than double for essential items compared to last…

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…

While there have always been many different versions of Australia existing simultaneously across our vast nation, the pandemic really rammed home how vastly different life could be even within Aussie borders. But now with the pandemic…

Signs rising inflation is starting to soften the retail sector are showing, with Australian consumers demanding businesses do more to support them through the cost of living crisis. New data from Trustpilot has revealed how many Australians…

The number of Aussies defaulting on their mortgages is set to rise over the next year due to interest rate increases, cost of living strains and falling property prices, a new report has revealed.Interest rates, which have risen six times…