Tag: cost of living

Household spending soft in March

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...

Aussies skipping meals to feed pets

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%...

Higher grocery prices forcing Aussies to make sacrifices

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...

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...
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