With the Reserve Bank continuing to stare down less-than-perfect inflation numbers against a backdrop of weak growth, the handful of weeks from late July until early September 2024 represents a fork in...
The Consumer Price Index (CPI) increased 1.2 per cent in the September 2023 quarter and 5.4 per cent annually, according to the latest data from the Australian Bureau of Statistics (ABS).
ABS Head...
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...
The Reserve Bank of Australia Board has decided to leave the cash rate target unchanged at 4.1% and the interest rate paid on Exchange Settlement balances unchanged at four per cent.
Interest rates...
As household confidence rises, consumer spending is expected to grow specifically during 2021-22.
However, it’s said that retailers will have to compete for consumers’ dollars as more opportunities for spending open up.
This is...
Despite the “deep recession” brought on by Covid-19 restrictions, says Deloitte, retail spending has been one of the “bright spots” in an otherwise difficult year for the Australian economy.
According to Deloitte, Australian...
Consumer demand for plant-based meat products in Australia grew “exponentially” last year, according to a new report by Food Frontier.
The report reveals that retail sales of plant-based products “surged” 46% in the...
It has been a tough year for the retail sector so far in 2019, and the upcoming festive spending will likely do little to change that underwhelming result according to Deloitte Access...
