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Cost of living

Prices rose by 3.4% in the year to February
Economics Latest

Prices rose 3.4% in the year to February

Inflation (rising prices) has held steady month-on-month, with prices rising by 3.4% in February matching the inflation figures from January.

transport spending
Latest News

Transport spending makes up 16% of household income

Transport spending, including public transport, accounted for around 16.4% of the average weekly income across Australia.

black friday spending
News

Black Friday spending higher than Christmas

A 2.7% drop in sales for December followed a ‘Black Friday’ spending spike of 1.6% in November, new ABS figures show.

Cost of living Labor MPs
News Politics

Labor MPs called back early to discuss cost of living

The Prime Minister has called Labor MPs back to Canberra from their summer break early for urgent cost of living talks.

young people food insecurity
News

Food relief demand surges ahead of Christmas

The demand for food relief is growing, as Australia’s peak food bank records its busiest pre-Christmas peak.

Coles and Woolworths to face Senate Inquiry
News Politics

Senate to grill Coles and Woolworths over claims of overcharging

Australia’s supermarket giants, Coles and Woolworths, will face questions about whether they’re overcharging during a cost of living crisis.

Friends talking in a park
News

Social cohesion at lowest point on record in Australia

Financial stress is making life harder in Australia and driving people further apart, causing the lowest levels of social cohesion on record.

wages grew july september
Economics

Wages grew at a record rate in July-September

National wages grew by 1.3% during July to September, according to the ABS. It’s a record growth but doesn’t match inflation.

Interest rates and inflation
Economics

How do higher interest rates affect inflation?

The 13th interest rate increase since May 2022 has re-ignited the debate about the use of higher interest rates to fight inflation.

The Daily Aus podcast
Politics

How’s Premier Annastacia Palaszczuk tackling the cost of living?

In a TDA exclusive, Billi FitzSimons sits down with the Queensland Premier to talk about pressing issues in the state. From the cost of living, to youth crime, the Premiers leadership and the Indigenous Voice referendum, today’s deep dive will catch you up on what you need to know about the state of play in the sunshine state.

young people food insecurity
Economics

Young people are facing food insecurity

More than half of young people (aged 18 to 24) are experiencing food insecurity, according to Australia’s largest food relief organisation, Foodbank.

why is inflation slowing
Economics News

Inflation slows for the third straight month

Inflation grew by 4.9% in the year up to July 2023, according to the latest figures from the Australian Bureau of Statistics.

australia's unemployment rate february 2023
Economics

The rate of unemployment in Australia fell in February

Australia’s unemployment rate fell from 3.7% to 3.5% in February, returning to the same level as December 2022.

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