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More people are seeking help as Australia's economy slows down, RBA governor acknowledges
3 months, 2 weeks ago

More people are seeking help as Australia's economy slows down, RBA governor acknowledges

ABC  

Reserve Bank governor Michele Bullock says she is aware that more people than usual are seeking help from community organisations as Australia's economy slows down and unemployment rises. And the number of owner-occupiers with variable-rate mortgages who are in a "particularly challenging situation" is also rising, but the RBA is doing what it can to bring inflation down, re-balance the …

Economy Inflation Interest Rates Interest High Cent Taylor
Federal budget summary: JobSeeker and welfare payments increased as living costs bite
1 year, 7 months ago

Federal budget summary: JobSeeker and welfare payments increased as living costs bite

ABC  

A modest increase in unemployment benefits and cheaper health care are the centrepieces of a federal budget tasked with helping the nation's most vulnerable as living costs continue to hurt households. Key points: The rates for JobSeeker, rent assistance and the single-parent payment have increased in the budget Labor's second budget includes a surplus this financial year, and the prospect …

Budget Unemployment Treasury Commodity Prices Help Billion Million
A 'difficult' day for homeowners as Treasurer Jim Chalmers predicts more pain before inflation is brought under control
2 years, 6 months ago

A 'difficult' day for homeowners as Treasurer Jim Chalmers predicts more pain before inflation is brought under control

ABC  

The federal Treasurer has dubbed a rise in interest rates as "difficult news" for home owners and foreshadowed life in Australia is set to become even more expensive. Key points: Treasurer Jim Chalmers says the cost-of-living crisis has been brewing for a long time and there is no quick fix He says the high rates will make it more expensive …

Inflation Cent Rate Living Rba Rise Chalmers
Coles issues an urgent warning to Australian shoppers
2 years, 6 months ago

Coles issues an urgent warning to Australian shoppers

Daily Mail  

Coles has revealed supermarkets are being forced to rapidly increase their consumer prices as food suppliers demand compensation for soaring production costs. Shoppers have been facing increased prices at supermarket checkouts amid skyrocketing inflation Woolworths chief executive Brad Banducci, who runs Australia's biggest supermarket group, earlier this year also revealed the company had already seen price boosts of two to …

Food Ukraine Russia Inflation Interest Rates Rising Month
Treasurer Josh Frydenberg blames rising inflation on COVID-19, war in Ukraine
2 years, 7 months ago

Treasurer Josh Frydenberg blames rising inflation on COVID-19, war in Ukraine

ABC  

The Federal Treasurer is blaming international volatility for grim inflation figures released on Wednesday that show the sharpest rise in cost-of-living pressures in more than two decades. Key points: Prices for goods and services rose 5.1 per cent over the past year The figures add fuel to the debate between the Coalition and Labor over economic management Mr Fydenberg says …

Inflation Fuel Prices Cent Figures Fuel Prices Jim Chalmers