Cost of Living

‘We need less government expenditure in general, and particularly less interference that clouds the economic fundamentals’, UNSW economist Gigi Foster.

Farmer associations said the shutdown caused significant impact on farmers’ operation, costing them time and money.

While overall wage growth has declined, the public sector saw a sharper slowdown, with annual increases dropping to 2.8 percent.

The cash rate has been cut by 25 basis points.

Dutton stresses the RBA needed to base its decisions on economic factors, not external pressure, ahead of the Feb. 18 meeting.

Treasurer Jim Chalmers says national GDP could see a slight impact as well.

The Crisafulli government has made 50c fares permanent after the move was introduced by the former Labor government.

Thirty essential grocery items will cost the same in remote areas as they do in the cities, the government has announced. The move is part of Closing the Gap.

The net zero transition will cost between $150 billion and $190 billion, according to Moody’s.

The majority of stores closing are in Japan.

An Australian glass company employing more than 200 people posted a loss of more than a million dollars.

The cost of the nation’s health system continue to balloon with the ABS recording staff remuneration now costing $61 billion a year.

Released on Feb. 3, the National Small Business Strategy outlines support plans, but it has left CPA Australia sceptical.

Several Australian states have had their credit ratings downgraded, meaning they must rein in spending or face higher borrowing costs.

‘This will drive up costs, complexity and compliance and be a major retardant on investment,’ said ACCI director Peter Grist.

ARCA also says the initiative will have little impact on the government’s tax take.

‘It creates an unfair competitive environment for domestic as compared to overseas businesses,’ said Ai Group’s head of industry development and policy.