Tag: cost of living

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...

Household spending drops in October

The monthly CommBank Household Spending Insights (HSI) Index fell 1% in October. This was led by declines in spending across recreation, hospitality and food and beverage as the ongoing effect of interest rate...

RBA raises interest rates to 4.35%

The Reserve Bank of Australia (RBA) has raised the cash rate target by 25 basis points to 4.35%. It has also increased the interest rate paid on Exchange Settlement balances by 25 basis points to...

Retail sales rise in September, but uncertainty continues

Consumers spent more than $35.8 billion across the country in September, according to seasonally adjusted figures released by the Australian Bureau of Statistics (ABS). Australian retail turnover rose 0.9%, following rises of 0.3%...

RBA holds interest rates

The Reserve Bank of Australia (RBA) has left interest rates on hold for the fourth consecutive month, with its cash rate target remaining at 4.1%. RBA Governor Michele Bullock says the higher interest...

Cost of living, fatigue and burnout put pressure on workplace mental health

While the direct disruption of the pandemic on workplace mental health has eased, Australian workplaces are facing new pressures, according to new research by Allianz Australia. More than a third (35%) of surveyed...

Retailers welcome NSW Budget cost-of-living measures

The Australian Retailers Association (ARA) has welcomed cost-of-living relief measures announced in yesterday’s NSW Budget. It has, however, called for more support for small business amid a cost-of-doing-business crisis. ARA CEO Paul Zahra...
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