Australian Inflation Rate in October 2022.
The annualised inflation rate in Australia has reduced to 6.9% at the end of October 2022. The rate at the end of September 2022 was 7.3%.
Inflation rates are now being released on a monthly basis.
Annualised Inflation Rates:
6.9% October 2022.
7.3% September … Read the rest
Australian Inflation Rate in September 2022.
Inflation in Australia has remained at the same rate this quarter, as it was in the previous quarter.
This is still remaining lower than the 2.1% in the March 2022 quarter.
The Consumer Price Index (CPI) rose 1.8 per cent in the September 2022 … Read the rest
The Australian Bureau of Statistics is going to release a new monthly CPI Indicator. This is an addition to the current quarterly CPI Inflation Figures.
Australian Statistician Dr David Gruen AO said “This new monthly CPI Indicator will provide a timelier guide to inflation in … Read the rest
A comparison of Australian inflation against inflation in the G7 countries.
A comparison of selected Central Bank Interest rates (%) with date of last change.
This comparison of the Australian Inflation Rate, against other countries, shows how Australia managed to keep inflation lower than others, over the last year.
Over the twelve months to the … Read the rest
Andrew McKellar, the head of the
Australian Chamber of Commerce, described the July 2022, 5.2% increase ($40 per week) to the Minimum Wage as a “very significant risk” and predicted it would add $7.9 billion in costs to Australian businesses.… Read the rest
Anthony Albanese is blaming Scott Morrison for “plummeting” wages following the latest release of the wage price index, showing an annual wage increase of 2.4% to the March quarter.
The current rate of inflation is 5.1%.
Other countries with similar issues are blaming issues arising from the … Read the rest
Annual CPI inflation increased to 5.1 per cent in the March quarter, mainly due to higher dwelling construction costs and automotive fuel prices. abs.gov.au
Following this inflation rise, there are some who want to see an equal rise in wages, to compensate for these … Read the rest
Labor Leader Anthony Albanese:
“The cost of living is increasing, but pay isn’t keeping up.”
“A Labor government will focus on lifting pay and profits and creating even more jobs by making our economy more productive.”
That sounds like great news:
