‘Still strength’ in inflation, RBA warns
The central bank has issued a note of caution following the release of firmer-than-expected inflation figures.
The central bank has issued a note of caution following the release of firmer-than-expected inflation figures.
Australian shares slumped on Wednesday after hotter-than-expected CPI numbers renewed inflation fears and narrowed the likelihood of rate cuts this year.
Labor’s Industry Minister is advocating for a cut in corporate taxes to help companies have the capital to invest in the future.
Ten of 11 industry sectors ended in the green on Monday in a rebound ahead of crucial retail and inflation data.
Even as cooling inflation data suggests less pressure on the central bank to tighten further, economists are at odds on its next move.
Australians haven’t let the cost-of-living pressures stop them from flocking to the shops to spend up on seafood.
Australia’s cost-of-living crisis will remain a core pressure point for the Albanese government in the new year.
Swelling government tax revenues from soaring commodity prices and low unemployment has pushed down the budget deficit to a razor-thin margin.
Swelling government tax revenues from soaring commodity prices and low unemployment has pushed down the budget deficit to a razor-thin margin.
Aussies wanting to travel overseas are set to be slugged with a fresh price hike, under upcoming new fees announced on Wednesday.
Aussies wanting to travel overseas are set to be slugged with a fresh price hike, under upcoming new fees announced on Wednesday.
Aussies hoping there could be more cost of living relief in the pipeline have been dealt a fresh blow, as the Treasurer holds firm on dishing out a festive cash splash.
Aussies hoping there could be more cost of living relief in the pipeline have been dealt a fresh blow, as the Treasurer holds firm on dishing out a festive cash splash.
Higher interest rates are not burning a hole in household budgets, but are increasingly hurting the federal budget as well.
Original URL: https://www.ntnews.com.au/business/economy/federal-budget/page/33