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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…

Bad news for your supermarket shop

The cost of supermarket essentials will soon jump even higher, with the world’s biggest food company confirming more price hikes were on the horizon in 2023 as inflation soars globally. Speaking to reporters this week, Nestlé CEO Mark…

‘Narrow path’: Big issue for RBA boss

The Reserve Bank of Australia has admitted there are “many uncertainties” surrounding its forecasts as the nation battles high inflation and interest rates.In the latest statement of monetary policy, which sets out the bank’s assessment of…