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Showing 111 - 120 of 1400 results for "Household"

Chalmers boasts inflation data, experts divided

ELIZA BAVIN  |  THURSDAY, 9 JAN 2025
... example, they have fallen 21.5% in the year to November. They would have fallen 1.7% without our energy rebates for every household that we are rolling out," he said. "Electricity prices would have come off a little bit without action. They've come off ...

February rate cut unlikely after inflation data

ELIZA BAVIN  |  WEDNESDAY, 8 JAN 2025
The monthly Consumer Price Index (CPI) indicator rose 2.3% in the 12 months to November 2024, up from a 2.1% rise in the 12 months to October, according to the Australian Bureau of Statistics (ABS). The biggest jumps in prices were in food and non-alcoholic ...

Super balances drive household wealth growth

ELIZA BAVIN  |  THURSDAY, 19 DEC 2024
Household wealth rose for the eighth consecutive quarter, up 2.4% or $401 billion in the September quarter 2024, according to the Australian Bureau of Statistics (ABS). Total household wealth was $16.9 trillion in the September quarter, which was 9.9% ...

Productivity slump threatens asset returns: Shane Oliver

ANDREW MCKEAN  |  WEDNESDAY, 11 DEC 2024
... near zero since 2016 - is a "broader driver of the malaise in living standards." Notably, since peaking in 2021, real household disposable income per capita - a measure of the value of incomes per person after allowing for tax, mortgage debt payments ...

RBA to meet for final 2024 rate decision

ELIZA BAVIN  |  TUESDAY, 10 DEC 2024
The Reserve Bank of Australia (RBA) will deliver its final interest rate decision today, with a hold predicted by most experts. The RBA has kept rates on hold at 4.35% all year, despite other global central banks having begun a rate cutting cycle. But ...

Commonwealth Bank names chief economist

ELIZA BAVIN  |  THURSDAY, 5 DEC 2024
... data to extract key insights into the Australian economy on a regular and consistent basis. He developed the CommBank's Household Spending Insights (HSI) Index and oversaw the growth of the bank's sustainable economics research to support customers with ...

GDP grows but still slow: 'Confirms our worst fears'

ELIZA BAVIN  |  WEDNESDAY, 4 DEC 2024
... Bhimavarapu said the data came in under expectations. "The data confirms our worst fears of muted economic growth. Once again household consumption remained muted while that of the government did the heavy lifting, without which growth would have been ...

Inflation remains in RBA's target range

ELIZA BAVIN  |  WEDNESDAY, 27 NOV 2024
... the large decreases in electricity prices. "Commonwealth government and State government rebates continue to reduce household out-of-pocket expenses for electricity, leading to a 12.3% fall in electricity prices in the month of October. This follows ...

APRA maintains policy amid uncertain environment

ELIZA BAVIN  |  MONDAY, 25 NOV 2024
... and stable financial system. In reaching the decision to keep the settings steady, APRA said it took account of high household indebtedness and a pick-up in credit growth, persistent cost-of-living pressures, a weakening jobs market and heightened geopolitical ...

Intergenerational wealth picture 'bleak': Grattan

ELIZA BAVIN  |  TUESDAY, 19 NOV 2024
... had roughly three times the wealth of those aged 25-34. But by 2020, this gap had widened substantially: the average household headed up by a 65-74-year-old had almost five times as much wealth as a household headed by someone aged 25-34. "Those buffered ...