Tag: Inflation

The Fair Work Commission has handed down its decision in its annual wage review, lifting the national minimum wage by 5.2 per cent.

July 1 is also an important date to note since many salaries will be reviewed, and there will almost probably be a larger-than-usual repricing of consumables.

The RBA is expected to increase the cash rate today, adding to already mounting pressure on Australian households and businesses.

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.

As cost-of-living pressures persist, Australian households are having to re-evaluate where, and how, they spend their money.

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

Retailers must understand and be prepared for the impact of inflation on their business.

At one of the most anticipated Reserve Bank Board meetings in history, the bank announced it wouldn’t be tapping the brakes yet. 

U.S. central bank, the Federal Reserve, has decided to maintain its interest rate at the current record low. For now.