The monthly CommBank Household Spending Insights (HSI) Index increased 1.1% in May to 150.21.
This follows a 1% drop in April, continuing the month-to-month spending volatility seen throughout 2024.
While household spending rose in May,...
Personal insolvencies are spiking as the cost-of-living crisis continues to bite and business failures trigger a ripple effect – and there’s more to come, says insolvency and business turnaround specialist Jirsch Sutherland.
The...
Younger Australians in their mid-to-late-twenties have pulled back on spending more than any other age group, while those over 65 continue to spend above the rate of inflation, according to the latest...
The monthly CommBank Household Spending Insights (HSI) Index increased 0.2% in March to 141.8.
This, says the bank, was led by shoppers stocking up the fridge ahead of the earlier-than-usual Easter break.
The spending uplift was...
Pet owners living in food insecure households are resorting to self-sacrifice to protect the welfare of their pets.
According to a report published today by Foodbank Australia to mark National Pets Day, 24%...
Many younger Australians and lower income households are spending up to one-quarter of their net income on groceries, according to the ACCC.
A consumer survey which is part of the ACCC’s Supermarkets Inquiry...
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...
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,...
