Tag: cost of living

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...

Household spending increased in August

The monthly CommBank Household Spending Insights Index rose 0.7% to 137.0 in August. This was led by increased education spending by international university students, higher transport spending due to increased petrol prices and...

E-commerce retailers must consider both convenience and value to succeed

After significant growth in peak pandemic years, Australian consumer online retail spending has stabilised, according to the Australian Ecommerce Report 2023 by IAB Australia and Pureprofile. The report found that 67% of surveyed...

Consumers continue to cut back on spending

Australians continued to “tighten their belts” in July, according to a new Commonwealth Bank of Australia (CBA) report, with spending growth declining nationally to just 1.3% in the year to July. The monthly CommBank...

Aussies still willing to pay for sustainability amid cost-of-living crisis

Over half of the Australian shoppers recently surveyed by Monash University say sustainability is an important factor when making a retail purchase. Despite the increases to our cost of living, Monash Business School’s...
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