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.