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Showing 1 - 10 of 111 results for "Petrol Price"

Inflation remains firm, May rate hike still in play

ELIZA BAVIN  |  THURSDAY, 26 MAR 2026
The Consumer Price Index (CPI) rose 3.7% in the 12 months to February 2026, according to the Australian Bureau of Statistics (ABS). "The 3.7% annual CPI inflation to February eased slightly from the 3.8% annual CPI inflation to January," ABS head of ...

Inflation to spike, oil supply plenty: Chalmers

KARREN VERGARA  |  MONDAY, 16 MAR 2026
While Treasurer Jim Chalmers did not rule out that inflation could hit as much as 5%, he is confident that Australia will not run out of fuel off the back of the current Middle East crisis. National Australia Bank has predicted that inflation could ...

Inflation could surge above 4%

ELIZA BAVIN  |  FRIDAY, 13 MAR 2026
Treasurer Jim Chalmers said the ongoing war in Iran is putting pressure on inflation, with Treasury reportedly predicting it will rise above 4%. "I've made it really clear that we had an inflation challenge in our economy and developments in the Middle ...

Unemployment edges up despite jobs added

ELIZA BAVIN  |  THURSDAY, 16 JAN 2025
Australia's labour market has remained strong in the December 2024 read, according to the Australian Bureau of Statistics (ABS). The seasonally adjusted unemployment rate rose by 0.1 percentage point to 4% in December. "With employment rising by 56,000 ...

Australian economy 'fundamentally sound': CBA

ELIZA BAVIN  |  WEDNESDAY, 13 NOV 2024
Commonwealth Bank (CBA) chief executive Matt Comyn painted a positive picture for the Australian economy, despite ongoing cost-of-living pressures. Comyn said high interest rates are doing the job of bringing inflation under control, but the pace of ...

Consumer confidence jitters abate

ANDREW MCKEAN  |  WEDNESDAY, 28 SEP 2022
Consumer confidence has increased to its highest level in nearly four months, according to Roy Morgan. While still significantly down from the same week a year ago, the ANZ Roy Morgan Index shows consumer confidence rose by 1.8 points to 87.8 this week. ...

Stagflation: What should we expect?

CHLOE WALKER  |  THURSDAY, 16 JUN 2022
Speaking at the Australian Institute of Superannuation Trustees (AIST) ASI 2022 conference, a panel of economic experts shared their views on the current stagflationary environment. "Inflation's certainly here to stay in the near term," QIC chief ...

Fair Work Commission raises minimum wage 5.2%

CASSANDRA BALDINI  |  WEDNESDAY, 15 JUN 2022
The Fair Work Commission has today announced a 5.2% increase to the minimum wage which will come into effect from July. The Fair Work Commission has announced that the new minimum wage will be $812.60 per week or $21.38 per hour. The commission panel ...

Reserve Bank shocks with hawkish 50bp increase

ANDREW MCKEAN  |  TUESDAY, 7 JUN 2022
The Reserve Bank of Australia (RBA) has decided to increase the cash rate target by 50 basis points to 85 basis points. The central bank also raised the interest rate on exchange settlement balances by 50 basis points to 75 basis points. At its meeting ...

Consumer confidence rises as inflation expectations drop

ANDREW MCKEAN  |  WEDNESDAY, 6 APR 2022
This week ANZ-Roy Morgan consumer confidence increased by 2.3 points to 93.4 after petrol prices dropped approximately 30 cents per litre. But consumer confidence is still 14.3 points below its level from the same week a year ago. Consumer confidence ...
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