Posts tagged "cost of living pressures"

The Reserve Bank of Australia has declared it will increase the cash rate target for a fifth time by 50 basis points to 2.35%, following its monthly meeting this afternoon.

Minor inflation can be a useful thing as it tends to slow rises in both the cost of goods and wages, making the economy all very manageable. But runaway inflation is diabolical.

Cost-of-living increases are a key election issue but the reality is many manufacturers and retailers like some inflation.