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Inflation

analysis:Australian households are no longer driving demand and inflation, so why punish them with higher interest rates?

In just half a sentence, the Reserve Bank board dashed the rate cut hopes of millions of mortgage borrowers. Does it risk condemning the Australian economy to recession as well?
RBA governor Michele Bullock holds her hand up while speaking at a press conference.

RBA leaves cash rate on hold at 4.35 per cent

Economists had widely predicted rates would remain steady at 4.35 per cent after inflation fell more than expected in the year to December.
ABC News Current
Duration: 4 minutes 40 seconds

Risks of a recession in the United States decreases

Risks of a recession in the United States reduces as growth steady and inflation starts to come down.
ABC News Current
Duration: 2 minutes 12 seconds

analysis:Why the cost of living crisis could worsen even if the RBA leaves rates on hold

Leaving the cash rate unchanged today is all but a foregone conclusion for the RBA. Behind closed doors, you can't help but wonder if November's rate hike was a mistake as the economy cools, writes Ian Verrender.
Updated
Group of city workers walking on street

Adelaide hit hardest by rise in grocery prices

The ABS data has prompted calls for a parliamentary inquiry into they skyrocketing prices.
ABC News Current
Duration: 1 minute 49 seconds

analysis:'Did the Australian economy just snap'? It may be 'unlikely' but it's looking more and more possible

A raft of official economic data suggests Australia's economy suddenly hit a wall in December. Is the data wrong, or did the Reserve Bank raise rates one time too many in November?
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Inside of a shopping mall at Christmas time. Unsplash.

analysis:Australia's changing economy could undermine Albanese's big gamble

Regardless of whether Australia's economic picture is improving or heading for a crash, it's unlikely voters will have stage 3 tax cuts front of mind come the next general election, writes Melissa Clarke. 
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Two men and a woman in suits stand behind podiums in front of a doorway into Parliament House.

The gap between house and unit prices has reached a record high, as values keep climbing

House prices are on track to rise across the country, propelled by renters and migrants wanting to buy their own homes and buyers trying to get in ahead of interest rate cuts expected later this year.
Updated
young couple put sold sticker on billboard of their newly purchased home.

ABS statistics show inflation lower than expected

ABS data shows inflation is at a two year low at 4.1 per cent after a December quarter reading coming in at lower than expected 0.6 per cent, these latest figures make further interest rate rises look very unlikely.
ABC News Current
Duration: 4 minutes 42 seconds

Inflation numbers come in lower bring annual figure to 4.1%

The numbers are expected to all-but guarantee there will be no interest rate rise next week.
Updated
ABC News Current
Duration: 7 minutes 26 seconds

Inflation may be falling fast with rates set to follow, but people like Ash and Rebecca are still struggling

Inflation comes in lower than expected, with prices rising just 0.6 per cent over the December quarter and 4.1 per cent over the past year.
Updated
Workers make dog treats at a factory in Melbourne.

What is bracket creep and how does it impact you?

There's been a lot of talk about changes to bracket creep, but what exactly is it and how will the proposed changes affect you?
Updated
ABC News Current
Duration: 4 minutes 14 seconds

Hong Kong court orders Evergrande's liquidation, posing threats to China's economy and global markets

A Hong Kong court has ordered one of China's biggest property developers, Evergrande Group, to liquidate, which could have severe consequences not just for China, but other economies including Australia. 
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People walk by an orange logo for Evergrande.

Mortgage holdersbear the brunt of rate rises

Australians with a mortgage are doing the heavy lifting when it comes to taming inflation, raising questions over how fair the system is.
ABC News Current
Duration: 3 minutes 39 seconds

Mortgage holders are being hit with rate rises to bring down inflation. Could there be another way?

Mortgage holder Daniel Wigg has wondered why people like him bear the brunt for taming inflation and if there are any alternatives that are more equitable.
Updated
ABC News Current
Duration: 3 minutes 40 seconds

What are the alternatives to hiking interest rates to tackle inflation? We put your questions to economist Saul Eslake

Numerous people have contacted the ABC asking questions about interest rates and offering suggestions about possible alternatives. We put some of those questions to an economist.
Updated
A cartoon image depicting rising interest rates and declining savings

Labor is changing the stage 3 tax cuts. Here's what the plan was and what stages 1 and 2 were

The "tax cuts" were part of a plan set in motion by the previous Coalition government, with a key aim of protecting middle-income earners from bracket creep.
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cash lays on a kitchen table beside a cup of tea and a list of bills owing

analysis:The true cost of living has climbed far faster than we've been told. Here's what's actually going on

Now is a particularly good time to announce measures to address the cost of living crisis. We need them because things are a lot worse than the official index suggests, writes Peter Martin. 
Shoppers walk down an outdoor mall.

analysis:The stage 3 tax cuts are only months away, but here's what could change in the meantime

Ahead of Labor's cost-of-living caucus, the crosshairs have again settled on the stage 3 tax cuts that are months away from handing more than $20 billion a year from the government back to (mainly) higher income earners.
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Jim Chalmers in the foreground in focus, with Anthony Albanese in the background out of focus, from the right hand side

Major supermarkets agree to front inquiry into grocery prices as cost of living concerns grow

Queensland Premier Steven Miles says the major supermarkets have agreed to participate in the inquiry. It comes after he met with supermarket executives yesterday.
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Nectarines on display in a Coles grocery section. The price displayed is $3.90 per kilogram.

Australia could be stumbling into biggest waterfront dispute since the 1990s. Here's what it might mean for you

The current row between a Dubai-owned stevedore, DP World, and the Maritime Union of Australia could reignite inflation and cause the Reserve Bank to continue lifting interest rates, experts say. There are calls for federal minister Tony Burke to intervene. 
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Container ship at the Melbourne wharves

Treasurer Jim Chalmers speaks to 7.30 after inflation hits two year low

Cost-of-living remains one of the biggest pressure points for millions of Australian families, and the latest figures out today showed some better-than-expected news.
Updated
ABC News Current
Duration: 9 minutes 3 seconds

Inflation rate almost at two year low

The inflation rate has come in at low 4.3 per cent which has some experts thinking the Reserve Bank is done hiking interest rates.
Updated
ABC News Current
Duration: 2 minutes 4 seconds

Inflation falls to the lowest level in almost two years

Economist Catherine Birch says it's likely there won't be a rate hike in February as inflation dropped to 4.3 per cent. 
Updated
ABC News Current
Duration: 5 minutes 5 seconds

Australia is still seeing disinflation. This is what it might mean for interest rates

The latest monthly indicator from the ABS shows consumer prices rose at their slowest pace in almost two years in November.
Updated
A female shopper, wearing a green top and jeans, looks at vegetables in a supermarket.