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consumer price index

Dutton silenced during fiery spray

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…

Sign borrowers will be spared rate rise

Households are almost certain to be spared another rate rise when the Reserve Bank’s board convenes for its final meeting of 2023 next week after inflation eased in October. The latest consumer price index figures, released by the…

Jobs least likely to get a pay rise in 2024

Most Australians have been warned they shouldn’t expect a decent pay rise in 2024, with a new survey revealing the jobs where employers are least likely to offer a pay rise above inflation.The Robert Walters 2024 Salary Survey of more than…

Wages growth hits 14-year high

Annual wages growth has hit its highest levels in almost 15 years, after significant pay rises for award wage earners and aged care workers came into effect.But the figure likely represents a peak for wages growth, economists said, as the…

Grating reality of inflation crisis revealed

“To brie or not to brie?” That is the question Australian consumers will be asking themselves in the refrigerated aisle at their local supermarket after a stunning 16 per cent rise in the price of cheese was recorded in the year to…

Big change for Aussie Hecs debts

Australians with higher education Help loans will be able to earn slightly more before they start making repayments as inflation drives up student debts to new highs.The federal government lodged the official Help repayment thresholds for…

Govt working to rein in inflation, says FM

Inflation in India is slightly above the “tolerance limit” and the government is taking steps to control it, finance minister Nirmala Sitharaman said on Saturday. “Because we took a very calibrated approach, today we have an inflation which…

Five words Aussies didn’t want to hear

Inflation will decline faster than expected as the economy strains under the weight of rapid rate rises, the cost of living and soaring rents, the Reserve Bank says. In an economic update released just days out from the federal budget, the…