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Treasurer Jim Chalmers’ first budget won’t help curb surging inflation but nor will it hinder the task, economists say, while global ratings agencies took a positive view of the fiscal update.
Australia's biggest banks are now bracing for a possible 0.5 percentage point rate rise on Melbourne Cup Day after new data showed inflation soaring at the fastest pace since 1990.
A senior Reserve Bank of Australia official has brushed off concerns the central bank has fallen out of step with its international counterparts by slowing down its ...
Fruit and vegetable prices have soared by 19 per cent in a year. Farmers fear a shortage of overseas backpackers means there's less supply of fresh food.
The weak Australian dollar and an uptick in petrol prices have consumers worried about rising prices.