Posts tagged "cost of living"

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.

SME leaders retain a confident and optimistic attitude while keeping an eagle eye on the economic outlook, which is a healthy position.

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.

The Reserve Bank of Australia has been warning about slow productivity growth in the context of returning inflation to target in a timely matter.

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.

Australians are still trying to enjoy the small luxuries in life, with 15 million Aussies forking out and digging deep into their pockets for small indulgences.

Treasurer Jim Chalmers said a healthier budget would give the government more flexibility to respond to economic challenges in the future.

Small businesses in Queensland will face $650 energy bill rebates, thanks to a new $1.48 billion relief package at the heart of the sunshine state's 2023-2024 budget.

By day two of CommBank SmallBiz Week 2023, it was clear that cybersecurity and cost-of-living concerns are the key issues for small business…