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News
Commonwealth Bank of Australia has become the first of the big four to raise its variable home loan rates after the Reserve Bank’s latest interest rate hike on Tuesday.
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Opinion
The only instrument to fight rising prices is very blunt and aimed directly at households, writes Peter Martin.
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Inflation is expected to rise from its current, decades-high 6.1 per cent to 7.75 per cent by the end of the year, Treasurer Jim Chalmers has warned.
Wages are unlikely to keep up with rising inflation in the short term says Treasurer Jim Chalmers ahead of delivering an economic statement on Thursday, with the Reserve Bank widely expected to hike interest rates again next week.
Adelaide’s inflation rate soared to 6.4 per cent for the 2021-22 financial year, above the national rate of 6.1 per cent – the highest level since 2001.
Queensland teachers will be among the highest paid in the country under an offer which includes a cost of living bonus for rising inflation.
