Rynne said that the Reserve Bank of Australia (RBA) would be forced to raise interest rates in May or June despite the slow wage growth. "The argument by many economists is that the Reserve Bank is behind the curve with regard to managing inflation in Australia, and that we need to move...
“In March 2022, it was reported that Australia reached 5.1% inflation – so basically the consumer price index went up 5.1% in comparison to the previous year, which is the highest level that we had since 2000. And this was above any expectations.” Ramirez also admitted it’s not a pr...
Australia’s consumer price index is about to gomonthly[1], meaning Australia will join most of the developed world in getting an update on inflation at the end of every month, instead of once every three months as at present. Until now Australia has been the only ...
Notes: Spain is a permanent guest of the G20. Australia’s latest inflation rate is as of Dec 2023. Unlike other G20 nations, Argentina’s inflation rate has only gone up since the pandemic ended. This is largely due to the country’s history of printing money to compensate for governmen...
McKinsey Australia regularly tracks the sentiments of our consumers to help businesses better understand how social and economic changes impact consumer intention and action. In this insight, we unpack their state of mind—and the different effects that cost-of-living impact is having across income ...
2 El Niño’ is a climate pattern that describes the unusual warming of surface waters in the eastern Pacific Ocean, affecting ocean currents and local weather from Australia to South America. 3https://go.pardot.com/e/931253/en-publications-copomminutes/41111i/34303057...
FFI volatility, however, varies significantly by country. And it’s likely being driven by local economic conditions such as inflation trends. Australia provides a good example. There, inflation rates are still spiking. Similar to where countries such as the United...
“This progress over the last 12 months should make us want to reinvigorate our efforts knowing that our strategies are making a difference,” Houry said. Drug prices California moves to cut medicine prices with novel deal on opioid overdose drugs ...
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Prices for food at home increased by 10.2% over the last 12 months, according to the government’s February Consumer Price Index inflation report. The shift away from expensive items is one reason are the fastest growing food retailers in America, according to a Tufts University study released ...