Tag: cost of living

Aussies cut back on their spending

Almost half (47%) of the Australians surveyed in a recent pulse study conducted by Monash University are shopping for lower-priced brands more now than they did at the same time last year. The...

Mixed spending amid rising cost of living

A new report by CommBank iQ takes a look at changes in spending behaviour in response to inflation, interest rate rises and rent increases. CommBank iQ is a joint venture between Commonwealth Bank...

Retail sales rise in March amid cost-of-living pressures

Australian retail turnover rose 0.4% in March 2023, according to figures released by the Australian Bureau of Statistics (ABS). This follows a 0.2% rise in February. Year on year, retail sales recorded 5.4%...

Rising cost of living forces Aussies to change diets

Finder’s ‘Cost of Living Report 2023’ reveals the average Australian household reported spending $185 a week on groceries in February 2023, up $37 a week compared to 12 months prior – with...

Aussies adjust to rising cost of living

Workers in Australia are looking for new jobs, asking for extra shifts, and switching to cheaper brands as everyday expenses eat up a bigger chunk of their paychecks, according to new research...

Strong spending continues despite cost-of-living challenges

Retail sales continued to strengthen in August, with trade increasing 25.1% compared to the same month last year, according to the latest Mastercard SpendingPulse. Sales are also up 27.4% compared to pre-pandemic...

July sales strengthen, but cost of living a concern

Retail sales continued to strengthen in July with trade increasing 17.9% compared to the same month last year, according to Mastercard SpendingPulse. Most retail categories recorded substantial year on year sales growth as...

Record sales, despite challenges

Australian retail sales remained at record levels in June with $34.2 billion spent in stores and online – an increase of 12% on a year ago and up 0.2% compared to May...
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