Posts tagged "cost of living pressures"

Wage costs, energy costs and insurance premiums were cited as the three biggest constraints on business success by retailers.

December is shaping up to be a softer month for official retail sales numbers after consumers jumped on discounted goods in November and budgets were dried up by high living costs.

Every two minutes, Australians made a complaint about financial services, with reports involving monetary hardship surging as cost of living pressures loomed large.

Will setting a maximum retail price for products help avoid supermarket price gouging in Australia? A look at India seems to suggest so.

Allegations of price gouging by Australian supermarkets have even led to a Senate inquiry into supermarket pricing.

Senator Watt on Monday sent a stern warning to supermarkets to "not profit off hardworking Aussies" in the lead-up to Christmas.

Spending by people aged 25 to 29 on must-haves, such as groceries and pharmaceuticals, fell 3.7% over the year to September, based on Commonwealth Bank payments data.

The ARA has found that Aussie retailers are under relentless pressure as shoppers limit their spending due to cost of living pressures.

Fresh data showing inflation growth over the September quarter comes as no surprise to small businesses across Australia, which are torn between raising prices and laying off staff, or offering special deals to customers also struggling to keep up with the cost of living.

In terms of sales growth, Australia was the best-performing country compared to other XSBI countries New Zealand, the United Kingdom, the USA and Canada.

Research shows spending on food will account for the largest share of spending in the Christmas lead-up, accounting for $26.7 billion.

A 0.2% lift in retail sales was recorded by the ABS in August following a stronger 0.5% uptick in July and a 0.8% fall in June.