Posts tagged "inflation"

Cult gelato chain Gelato Messina has once again informed customers of a price hike, hoping an up-front explanation of mounting inflationary pressures won't leave a bad taste in consumers' mouths.

Hardship continues for Australia's largest home-builder Metricon, which is set to reduce its 2500-strong headcount as the sector is buffeted by economic headwinds.

Why did the Reserve Bank just hike its cash rate by an out-sized 0.50 percentage points for the third consecutive month, taking it to 1.85%? Partly because it knows what is to come.

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.

It's claimed that Australians are already taxed on beer more than almost any other nation in the world, and the price of a schooner is about to take another big leap.

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%.

Current inflation levels in Australia have only been seen once in the past three decades. Where is being hit hardest?

Australian industry groups have urged the federal government to ramp up efforts to boost productivity after Treasurer Jim Chalmers delivered a bruising update to the nation's economic outlook.

Treasurer Jim Chalmers will tell Parliament that estimated growth has been cut by half a percentage point for last financial year, this financial year and next year.

The federal government should keep the Australian Building and Construction Commission in place and compensate building contractors for projects which skyrocket in price, construction industry organisations say.

The cost of housing, fuel, and furnishings all drove inflationary pressures, the Australian Bureau of Statistics says.

Recent findings suggest the average outstanding invoice is now repaid in 38 days, compared to 31 days in January.