NewsBite

Cost of living

This Month

Queensland Nationals MP Keith Pitt will retire at the next election.

Labor to have a swing at Hinkler after Pitt calls it quits

The unpopularity of federal Labor in Queensland makes it unlikely it will pick up Keith Pitt’s seat of Hinkler, around Bundaberg.

  • Phillip Coorey
Prime Minister Anthony Albanese and Opposition Leader Peter Dutton.

Labor has left it too late for an early election this time

This year, the polls, the economy and the budget have all got worse for the government, and it has run out of room to go to voters before the end of its term.

  • Laura Tingle

Labor striking right budget balance between relief, repair and reform

We know that if Peter Dutton and the Coalition were in charge, Australia would be in recession.

  • Jim Chalmers
Vanessa Hudson, Vik Bansal and Andrew Irvine.

Profit-bashing won’t help Australians become better off, CEOs warn

Politicians and regulators going after big business was one of the features of 2024. Has it gone too far, and if so, what can be done to restore the balance?

  • James Thomson and Anthony Macdonald
CBA boss Matt Comyn, Macquarie CEO Shemara Wikramanayke and Wesfarmers CEO Rob Scott.

‘Australia is falling behind’: 55 CEOs demand election action

Top chief executives say the next federal government must make the nation’s crippling regulatory burden and housing supply top priorities.

  • Updated
  • James Thomson and Anthony Macdonald
Advertisement
From top: Seven Group’s Ryan Stokes, Woodside’s Meg O’Neill and Telstra’s Vicki Brady.

CEOs reveal their asks for the coming election

With a federal vote due by mid-May at the latest, Australian business leaders highlight what they think the government and opposition should focus on to win.

  • James Thomson and Anthony Macdonald
The King’s School has taken the mantle of Australia’s most expensive school.

Private school fees to rise at almost triple the rate of inflation

Prestigious schools have been gradually contacting parents over the past few weeks announcing new fee schedules for 2025. 

  • Julie Hare
Prime Minister Anthony Albanese at Manuka Childcare Centre in Canberra on Thursday.

PM to scrap childcare activity test, fund centres in ‘deserts’

Anthony Albanese has unveiled the first big steps towards delivering universal and affordable childcare.

  • Phillip Coorey

November

Finance Minister Katy Gallagher, Treasurer Jim Chalmers and Prime Minister Anthony Albanese on Friday.

Albanese dangles childcare package in pitch to voters

Labor’s new childcare policy will not be legislated until after the election, making its delivery contingent on re-electing the government.

  • Phillip Coorey
Can’t buy me love (or a house).

‘Let’s get together, double our income’: Money is the new dating trend

Love can conquer most things, but can it overcome financial differences? Australia’s singles aren’t so sure.

  • Lucy Dean
Treasurer Jim Chalmers and RBA governor Michele Bullock.

Why rate cuts are at risk from Labor’s $3.5b cost of living relief

More handouts to secure votes in next year’s election will derail any chance of an early rate cut, investors warn.

  • Updated
  • Cecile Lefort

More households making ‘difficult’ decision to sell homes, RBA warns

Real estate agents say financial stress – and divorce – are prompting a surge in distressed listings, particularly in Victoria and parts of regional NSW.

  • Michael Bleby
SA Premier Peter Malinauskas and his Labor Party had a resounding win in a byelection on November 16 that further strengthened his grip on power. It came a day after he spoke to fund managers and billionaire investors at the Sohn Hearts and Mind event.

Labor’s golden boy pledges focus on economy

South Australian Premier Peter Malinauskas promised not to succumb to hubris after a second resounding byelection win in eight months.

  • Simon Evans
Transurban boss Michelle Jablko

‘We didn’t set the tolls’: Transurban pitches new pricing plan

Company boss Michelle Jablko says NSW can’t afford to build roads without private money and is looking at charging corridors according to congestion levels.

  • Jenny Wiggins

October

McDonald’s says higher meat prices have accounted for a big chunk of food price inflation.

‘Cheapflation’: Why your Big Mac has become expensive

Governments and business are blaming each other for a type of inflation that punishes consumers least able to afford the pain.

  • Brooke Masters
Advertisement
Labor is preparing to ban businesses from making it difficult to cancel subscriptions, add hidden fees to online purchases, and raise prices at the checkout.

Labor weighs ban on hidden fees on airline and concert tickets

Labor is preparing to ban businesses from making it difficult to cancel subscriptions, add hidden fees to online purchases, and raise prices at the checkout.

  • Michael Read
Consumers are under stress.

RBA’s take masks the risks posed by fragile consumers

The RBA’s latest financial stability review suggests businesses are holding up pretty well. But appearances can be deceiving.

  • Cherelle Murphy

September

Coles managing director Leah Weckert and Woolworths chief executive Amanda Bardwell face a long dispute with the ACCC.

Fight or fold? Coles, Woolies face the angry shoppers they ‘fooled’

With its bombshell allegations this week the ACCC has given the big supermarkets two options, neither particularly palatable. Do they fight or do they fold?

  • Patrick Durkin
XXXXXXXX

Parents’ eye-watering education bills don’t end with school

Helping kids get started in life has arguably never been more expensive. Plan and save early, experts say. We’ve also found the most generous scholarships available.

  • Michelle Bowes
Jim Chalmers is expected to deliver his fourth budget early next year, but it could come after the next election.

Drop in spending gives Labor cost-of-living flexibility

Ahead of an election campaign expected to start as early as March, departments have been told the mid-year budget will focus on consumer issues.

  • Ronald Mizen

Original URL: https://www.afr.com/topic/cost-of-living-jfq