Tag: cost of living

Interest rates on hold again

The Reserve Bank of Australia (RBA) has left the cash rate target unchanged at 4.35%. According to the central bank, inflation continues to moderate but remains high. “The headline monthly CPI indicator was steady...

Aussies struggle to pay for the essentials

More than one in four surveyed Australians (27%) are doing it tougher now than ever before and are struggling to pay for the essentials. According to the research conducted by charity Good360 Australia,...

Interest rates on hold

The Reserve Bank of Australia (RBA) has left the cash rate target unchanged at 4.35%. According to the central bank, inflation continued to ease in the December quarter. “Despite this progress, inflation remains high...

Household spending drops in December

The monthly CommBank Household Spending Insights (HSI) Index fell 3.9% in December. This, says the bank, was due to the cumulative effect of successive interest rate rises as well as consumers bringing forward holiday...

Household spending rises in November

The monthly CommBank Household Spending Insights (HSI) Index rose 1.8% in November. This was driven by consumers bringing forward their holiday shopping to take advantage of heavy discounting during Black Friday and Cyber...

Retail turnover falls in October

Consumers spent more than $35.7 billion across the country in October, according to seasonally adjusted figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover fell 0.2% in October, following rises...

Monetary gifts to bring Aussies ‘financial relief’ this Christmas

Almost two-thirds of surveyed Australians have cash or store vouchers at the top of their Christmas wish list this year. The findings were derived from a survey of an independent panel of 1005...

Aussies spend on travel and entertainment amid rising costs

Australians continue to prioritise spending on travel and entertainment despite feeling ongoing pressure from rising living costs, according to the latest CommBank iQ Cost of Living Insights Report. The report shows quarterly spending...
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