If the government is serious about reducing the cost of smoking, it should stick with Labour’s smokefree legislation rather than freezing the price of smoked tobacco products.
The official figures tell us inflation is 5.4%. But for working families, it’s actually 9%. Yet there is some good news ahead.
The RBA’s latest forecasts assume no further rate rises will be needed. There’s nothing in the budget that should change that.
Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hitting a record high of 7.8% in 2022.
The full effects of the eight consecutive increases in the Reserve Bank’s cash rate are yet to become apparent, and there are signs inflation is on the way down.
The Bank of Canada’s expansionary monetary policy in 2021 is an important source of the high inflation we are experiencing today.
An economist provides insight into how inflation is measured, where it comes from and how it is impacting Canadians and the economy at large.
Inflation is soaring, but prices for typical back-to-school gear like backpacks, computers and new clothes are rising less than average – or even falling.
ANU modeling suggests 80% of households face living cost increases below the inflation rate of 6.1%.
The latest data shows imports of bottle rockets, sparklers and other fireworks at a record pace, even as consumer demand appears likely to wane. That could create opportunities for patient revelers.
Periods of high food inflation affect poor households the most. This is because they spend a higher percentage of their income on food.
The buying power of wages shrank a record 2.7% over the year to March, calling into question assurances about the link between low unemployment and high wage growth.
Inflation is well outside the Reserve Bank’s target band and higher than it has been for two decades.
For the first time, there’s almost one job vacancy for every unemployed Australian. But that isn’t translating to better wages.
In spite of policies aimed at tackling food inflation, food prices in Nigeria have continued to rise.
As inflation bites, targeted relief for those most affected by the rising cost of living would be the best short-term option.
Sen. Manchin effectively killed one of Biden’s key economic priorities by withdrawing his support from the $2 trillion bill.
True wages growth, and true price growth, is probably less than the official figures suggest – meaning there’s no need for alarm about inflation in Australia.
We spend more on alcohol than we’ll admit, less on electricity and gas combined than we think.
Pensions are indexed twice a year. But COVID-19 has put a spanner in the works of what should be a regular increase next month.