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Showing 71 - 80 of 1814 results for "The Australian Bureau of Statistics"

CPI cools to 4.9%

CASSANDRA BALDINI  |  THURSDAY, 30 NOV 2023
... than economists anticipated, coming in at 4.9% in October, a decline from 5.6% in September. The Australian Bureau of Statistics (ABS) said the decline represents the third consecutive quarter of lower annual inflation and represents a positive trend ...

Wages growth reaches unsustainable level: Mousina

CASSANDRA BALDINI  |  THURSDAY, 16 NOV 2023
... deputy chief economist Diana Mousina says it's not economically sustainable. According to the Australian Bureau of Statistics (ABS), September's 4% WPI represents a 26-year high not observed since the March quarter of 2009. Speaking to Financial ...

Inflation eases to 5.4%, RBA tipped to hike interest rates

ANDREW MCKEAN  |  THURSDAY, 26 OCT 2023
The Australian Bureau of Statistics (ABS) released consumer price index data yesterday, showing a moderation in annual inflation from 6% to 5.4%. However, inflation climbed 1.2% in the September quarter, outpacing the 0.8% increase in June, prompting ...

Inflation rises to 5.2%

CASSANDRA BALDINI  |  THURSDAY, 28 SEP 2023
... slight increase in the month of August, jumping to 5.2% from 4.9% in July. Data released by the Australian Bureau of Statistics (ABS) revealed that the major contributors to the price increase included housing (+6.6%), transport (+7.4%), food and non-alcoholic ...

RBA holds cash rate at 4.1%

CASSANDRA BALDINI  |  WEDNESDAY, 6 SEP 2023
... consecutive month was to buy more time and further assess the impacts of previous hikes. Since, the Australian Bureau of Statistics has revealed GDP increased by 0.4% in the June quarter, mainly offset by exports and investments. While the recent pause ...

Latest CPI data provides case for rate pause

CHLOE WALKER  |  THURSDAY, 31 AUG 2023
... encouraging thoughts that the Reserve Bank of Australia (RBA) tightening cycle has peaked. The Australian Bureau of Statistics (ABS) revealed the consumer price index (CPI) came in at 4.9% for July, well down on last month's 5.4%. Annual trimmed mean ...

Unemployment rate rises as gender wage gap narrows

ANDREW MCKEAN  |  FRIDAY, 18 AUG 2023
The Australian Bureau of Statistics (ABS) reported a 14,600 drop in employment in July, deviating sharply from the anticipated rise of 15,000 by economists. In July, the unemployment rate increased to 3.7%, up from 3.5% the previous month, despite economists' ...

Aware Super details new term deposit option

JAMIE WILLIAMSON  |  MONDAY, 31 JUL 2023
... taxed at a maximum of 15c per dollar, or not taxed at all for pension members. According to the Australian Bureau of Statistics, the average Australian working full-time earns $1807 a week. Aware Super said if they invested $10,000 in a 12-month term ...

Inflation drops to 5.6%

CASSANDRA BALDINI  |  THURSDAY, 29 JUN 2023
... (RBA) will pause interest rate hikes next week. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), came as a pleasant surprise following consistently high inflation figures since last April. Excluding volatile items ...

Inflation rises to 6.8%

CASSANDRA BALDINI  |  THURSDAY, 1 JUN 2023
... Australians could be in for another rate hike. The latest CPI numbers, released yesterday by the Australian Bureau of Statistics (ABS), exceeded economist predictions of 6.4%, and shows inflation is still sitting above the Reserve Bank of Australia's ...