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Showing 51 - 60 of 667 results for "CPI"

Inflation decimates retiree purchasing power

ANDREW MCKEAN  |  FRIDAY, 10 MAR 2023
Inflation is eroding retirees' purchasing power, posing a significant risk to their financial stability. With CPI now at 7.8% as of the December quarter of 2022, inflation has become an increasingly pressing issue for retirees, who worry that their ...

Advice firm launches Sharia-compliant platform

CASSANDRA BALDINI  |  THURSDAY, 2 MAR 2023
... revolutionising the way the Islamic community in Australia can invest. The Meezan Islamic Growth model portfolio targets a return of CPI plus 4.5% per annum from a portfolio of 10 to 30 Australian and international holdings predominantly made up of mid ...

Inflation expected to have peaked: RBA

ANDREW MCKEAN  |  FRIDAY, 10 FEB 2023
The Reserve Bank of Australia (RBA) has forecast that headline CPI (7.8%) is expected to be the peak in this economic cycle. In a monetary policy statement, the RBA said CPI is still high, affecting a range of goods and services. Global factors such ...

RBA hikes interest rates to 10-year high, flags further increases

ANDREW MCKEAN  |  WEDNESDAY, 8 FEB 2023
... hiked interest rates to 3.35%, signalling that there are more rate rises ahead. Despite moderating global inflation, high CPI inflation in Australia (7.8%), driven by both domestic demand and global factors, remains a challenge, RBA governor Phillip ...

Inflation beats forecasts, hits 7.8%

JAMIE WILLIAMSON  |  WEDNESDAY, 25 JAN 2023
... today and mark the fourth consecutive quarterly rise greater than any seen since the introduction of GST in 2000. The annual CPI increase came in at 7.8%, the highest rate seen since 1990. While it didn't hit the Reserve Bank of Australia's expectation ...

Retirees feel the brunt of inflation: Challenger

CHLOE WALKER  |  TUESDAY, 24 JAN 2023
... rising medical expenses could make matters worse. "Analysis does reveal that the health component of the consumer price index (CPI) has been consistently higher than the overall CPI measure for the past 20 years, with the exception being the spike in ...

US inflation hits one-year low

ANDREW MCKEAN  |  FRIDAY, 13 JAN 2023
The Consumer Price Index (CPI) in the US dropped 0.1% in December, according to the Bureau of Labor Statistics. Inflation in the US has risen 6.5% over the past year, but the latest data also shows a cooling trend for the sixth consecutive month. US ...

Australian CPI accelerates to 7.3%

CASSANDRA BALDINI  |  THURSDAY, 12 JAN 2023
The Consumer Price Index (CPI) rose to 7.3% in the year to November, dragging inflation back up to its 32-year high. In October inflation dipped to 6.9%, showing signs of cooling off, however the elevated rise ahead of market expectation (7.2%) paints ...

Centuria buys $70m tomato farm

CHLOE WALKER  |  FRIDAY, 16 DEC 2022
... year-round production from the facility. The acquisition is supported by strong leasing covenants including a triple-net lease and CPI-linked annual rental reviews. Following the acquisition, CAF's portfolio will be valued at $247 million, taking its ...

Life insurer claims under regulator watch

CHLOE WALKER  |  MONDAY, 12 DEC 2022
... payments. This follows theidentification of systems failures in the incorrect applications of consumer price indexations (CPI)'s to life insurance policy benefits. Already, ASIC has received breach reports from seven life insurers for the miscalculation ...