Advertised salaries now outpacing official wage growth data, new SEEK report says, as hirers scramble for talent
Advertised starting salaries are 4.1% higher on average than those offered in July 2021, a new SEEK report says, suggesting wages offered to fresh hires are rising faster than pay packets for existing workers.
Real wages in Australia fall by fastest rate on record ahead of Jobs Summit
Australian households are suffering under the sharpest decline in purchasing power on record as “sluggish” wages growth continues to lag behind skyrocketing prices for everyday essentials.
Australia’s inflation rate will soon be published each month. Here’s what that means
Australia’s consumer price index is about to go monthly, meaning Australia will join most of the developed world in getting an update on inflation at the end of every month, instead of once every three months as at present.
“Clouded in uncertainty”: RBA lifts cash rate target to 1.85% as inflation surges
Higher interest payments are on the cards for small businesses and household borrowers after the Reserve Bank of Australia lifted its cash rate target by 0.5% to 1.85% on Tuesday.
Ahead of the RBA’s next cash rate decision today, economists predict further hikes — and no let-up until late 2023
The Reserve Bank of Australia is predicted to announce an interest rate rise of 0.25% to 0.5% today, which could take the cash rate to 1.85%.
Fuel, groceries and housing: Where is inflation hitting us hardest?
Current inflation levels in Australia have only been seen once in the past three decades. Where is being hit hardest?
The annual inflation rate is now 6.1%, as the cost of everyday essentials hits businesses and households
The cost of housing, fuel, and furnishings all drove inflationary pressures, the Australian Bureau of Statistics says.
Interest rate rises: What’s happening, and what could be next?
If you want to know what the Reserve Bank will be watching to work out how fast to slam on the economic brakes, here's a helpful guide.
Real wages are shrinking. Here’s the proof
The Wage Price Index is now showing the worst performance ever compared with the Consumer Price Index, providing concrete evidence that the buying power of wages is shrinking.
Global inflation is likely to stick around, RBA says, as wages and business lending come to the fore
Global inflation is "high and is likely to remain so for a while", but the outlook for domestic investment and wage growth remain somewhat positive.
Top tips for small businesses to handle the sharpest inflation growth since 2009
Accounting experts have urged Australian small businesses to prepare for the impact of inflation, after official figures confirmed the cost of living has surged at a rate not seen in more than a decade.
Inflation jumps on housing and fuel, pushing builders to lift rates
Small business owners in the construction industry have been left with no choice but to lift their rates as the rising cost of timber squeezes margins.
