Australia cost of living crisis

People on hardship programs and behind in their payments have both gone up over the past financial year, as reforms suggested in 2023 still languish.

Business failures have hit a post-pandemic peak, matching the rate measured in October 2020, with food and beverage ...

RBA says current forecasts do not predict inflation returning sustainably to the target midpoint of 2.5 percent until ...

Economists are raising concerns about underlying inflation, particularly the trimmed mean inflation rate, which stands at 3.5 percent.

ABS data shows CPI inflation fell to 2.8 percent in September, down from 3.8 percent in June, driven ...

Even those who can afford consultations face longer wait times for doctors and specialists and feel their GP ...

The new laws would target a wide range of industries, including ticket sellers and streaming services, to ensure ...

Daniel Keighran is selling 12 military service medals to look after his family of five.

Spending on services did rise 0.4 percent in August, led by increases in air travel, hotel accommodation, and ...

The IMF believes Australia's economy is expected to recover gradually, with growth projected to begin picking up in ...

While inflation has fallen within the target 2 percent range, the RBA chief has already warned that this ...

RBA says inflation has significantly decreased since its 2022 peak, thanks to higher interest rates that have aligned ...

Regulations propose key changes, including a mandatory Food and Grocery Code, improved dispute resolution, and penalties for breaches.

Finance Minister Katy Gallagher says Australia's interest rate is still lower than the United States, even after today’s ...

Experts have declared Australia is now in an 'undeclared recession.'

Insolvency issues are also surging with small business owners with a 50 percent spike in complaints.

Despite being required by law to have processes to assist customer who are in debt, banks have made ...

The Labor government is set to spend $215 billion more than it earns over the next five years.

Calls to the Small Business Helpline surged 82 percent compared with last year, as the ATO takes an ...

Victorians have it the worst, with over half of its people experiencing cost-of-living and personal debt distress beyond ...

The Reserve Bank says households are surviving its repeated interest rate rises, but three percent of owner occupiers ...

Despite surging interest rates and high inflation, the median value of an an Australian house has risen by ...

Coles' profit dropped 3.6 percent to $594 million compared to the same time last year.

With cost-of-living pressures rising, consumers have been calling for the grip of the two major players to be ...

Brad Banducci will retire in September amid impending inquiries into price gouging by the supermarket brands.

It will probably take another two years for inflation to return to a midpoint of 2.5 percent, meaning ...

Such a collapse hits not only employees and their families together with landlords who have lost long-term tenants, ...