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inflationary pressures

Rates nightmare Australia avoided

One-off cost-of-living measures would have added an extra half a per cent to skyrocketing inflation, driving interest rates even higher. That’s according to the latest modelling by the Treasury, who say while the federal budget is projected…

Price hike for Aussie dinner staple

Australia’s largest chicken producer Inghams has said more price rises are on the horizon as the cost of feed skyrockets and consumer spending shrinks.The homegrown brand has chicken products stocked in supermarkets, butchers, restaurants…

Nightmare scenario for mortgage payers

As the spectre of a potential global recession continues to rise over most of the world, much of which is reeling from one crisis or another, Australia is left to hope that someway, somehow, our little corner of the South Pacific can once…

Brutal double blow for mortgage holders

It is Groundhog Day for Australia’s battle-weary mortgage holders, with the Reserve Bank of Australia (RBA) hiking the official cash rate (OCR) another 0.25 per cent on Tuesday – the sixth consecutive monthly increase.The good news was that…