Tag: ABS

New data from the Australian Bureau of Statistics (ABS) shows a decline in job switching for the first time in three years.

Australian inflation stays steady at 3.4% in January, driven by housing and food costs

The recent drop in Australia’s annual inflation rate to 6.8 per cent could give the Reserve Bank of Australia (RBA) the excuse it was looking for to pause its tightening policy.

Australia’s unemployment rate increased slightly in August even as the number of Australians working multiple jobs reached a record high.

As cost of living continues to bite, ABS data has revealed that a record number of Australians are working two or more jobs.

The retail sales in Australia has achieved a new high for the fifth consecutive month. 

Current inflation in Australia, as in much of the rest of the world, is the result of a combination of short-term and long-term factors.

Rising prices, combined with a continued easing of restrictions across the country, have resulted in increases in turnover in all three months of the March quarter.

Headline inflation jumped to 5.1 per cent in the first three months of 2022.

The seasonally adjusted balance on goods and services surplus decreased to $7.46b in February.