Posts tagged "cpi"

The Australian Bureau of Statistics says the economy added some 88,400 jobs over June, while the number of unemployed people fell by 54,300.

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.

Opposition Leader Anthony Albanese says his party would support a 5.1% lift to the minimum wage to keep pace with the cost of living.

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.

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.

There are two paths out of inflation: rate rises or lower government spending. What will it be?

With the RBA cash rate at an all-time low, and an increasing risk that the current inflation will become embedded in expectations, an increase in rates is a matter of “when” not “if”.

Inflation is climbing at an annual rate of 5.1%, according to the latest Consumer Price Index (CPI), up substantially from December's figure of 3.5%, as housing and fuel costs surge.

Larger than expected increases in construction and fuel prices are responsible for a surge in the Consumer Price Index (CPI).

Out-of-pocket childcare costs are 2.4% higher than this time last year, which is twice the inflation rate for all other goods and services.

Xero has pressed pause on a price hike, saying the COVID-19 pandemic is already enough for SME customers to deal with.

By Richard Holden, UNSW

In this column, UNSW economics professor and Harvard PhD Richard Holden looks at changes to how inflation is calc…