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Economy
US inflation slowed down to 8.3% in April as gasoline prices eased
May 12, 2022 06:23 AM AEST| By Team Kalkine MediaHighlights: April CPI slowed down to 8.3% YoY for the first time since August. Gasoline prices slid 6.1% in the month after soaring 18.3% in March. Airline fares skyrocketed 18.6% MoM, propelled by rising demand and high jet fuel prices. .....
What is wage inflation and how is it different from consumer price inflation?
May 11, 2022 11:20 AM AEST| By ManikaHighlights: Wage inflation is an increase in wages and salaries due to shortages of labour New Zealand’s annual wage inflation has hit 3.0% This was 2.6% in December 2021 It is interesting that economists are worried about wage infl.....
Explained: How Russian economy is holding on despite heavy sanctions
May 05, 2022 11:21 AM AEST| By Toshiva JainHighlights: Despite geo-political turmoil and heavy sanctions, Russia picked up its exports in April. Most of Western European and other countries like India and Turkey are importing oil from Russia. Several economists suggest that Russian eco.....
Record US job quits in March spur wage inflation fears
May 04, 2022 06:33 AM AEST| By Team Kalkine MediaHighlights: Record high resignations in the US are likely to fuel wage inflation. US job openings surged 205,000 to 11.5 million in March 2022. Companies struggle to recruit and retain employees following the mass exodus. In March, US job.....
Healthcare, climate change to be main focus in upcoming NZ Budget: Grant Robertson
May 03, 2022 02:07 PM AEST| By ManikaHighlights: NZ Budget to focus on healthcare and climate change New fiscal rules in the offing To cap the debt at 30% instead of current 50% It’s the Budget month again. It’s the month when we finally get to see how much the G.....
Three top hedges to shield your portfolio against inflation
May 01, 2022 12:42 AM AEST| By AayushSince the beginning of 2022, inflation worries have been mounting globally. The US recently recorded a 40-year high inflation while for New Zealand as well as the UK, inflation is at a 30-year high. These soaring figures are enough to remind invest.....
Five ways to prepare for interest rate hikes
May 01, 2022 12:28 AM AEST| By Akanksha VashishtAs an interest rate hike decision by the Reserve Bank of Australia (RBA) approaches closer, loan holders need to be prepared to part ways from a considerable share of their income. Most financial markets expect the RBA to raise interest rates as so.....
Is Inflation likely to take a breather by the end of 2022?
April 20, 2022 12:47 PM AEST| By ManikaHighlights Rising inflation is becoming the main concern in New Zealand Tomorrow’s numbers could take the inflation rate to 7% RBNZ Governor Adrian Orr told IMF that the Bank was `not in great place’ inflation is set to rise w.....
In a hawkish move, RBNZ raises OCR by 50 basis points
April 13, 2022 01:45 PM AEST| By ManikaThe Monetary Policy Committee (MPC) of the Reserve Bank of New Zealand (RBNZ) today increased the Official Cash Ration (OCR) to 1.50% in a bid to tighten the monetary conditions in order to keep the inflation under check and also maintain the.....
RBNZ to raise interest rates tomorrow, by how much is the question
April 12, 2022 01:12 PM AEST| By ManikaHighlights On Wednesday, the RBNZ will meet for monetary policy review. Economists divided over whether it will raise 25 bps or 50 bps Since rising inflation is the main concern, it is expected that the RBNZ will act tough and fast Econom.....
What is the current state of inflation in OECD area?
April 07, 2022 01:50 PM AEST| By Akanksha VashishtHighlights The OECD has recently released the consumer price index report for February 2022. Consumer prices rose significantly in February in the OECD region. A sharp rise in inflation was seen in Turkey among OECD member countries. Whil.....
What is Fair Pay Agreements Bill? What does it mean for the NZ industries
April 06, 2022 05:02 PM AEST| By ManikaHighlights Fair Pay Agreements Bill seeks to address low incomes and insufficient working conditions It will give enable sector or industry wise bargaining for wages and work conditions Workers unions have welcomed it but business bodies not h.....
Why are Australia’s housing growth rates losing momentum?
April 03, 2022 04:03 AM AEST| By Akanksha VashishtHighlights Housing prices in Sydney and Melbourne have started to decline, leading to speculations that the property market is losing momentum. The pandemic has taught the markets that supply-side challenges are more pronounced than high immigr.....
Australia Budget 2022-23: Paid Parental leave to support new dads
March 31, 2022 01:32 AM AEDT| By Akanksha VashishtHighlights The Paid Parental Leave (PPL) would see some major changes as per the latest budget announcement. The Paid Parental Leave can be taken any time within two years of the birth or adoption of a child. The introduced changes are likely .....
US now has 5 million more jobs than unemployed people
March 30, 2022 05:51 AM AEDT| By Team Kalkine MediaHighlights Job attrition increased by 94,000 to 4.35 million in February from the previous month. Also, the percentage of the workforce rose from 2.8 % in January to 2.9% in February. However, the unemployed population shrunk to 6.27 million, .....
Australian retail sales in February 2022: Three points to notice now
March 29, 2022 02:47 PM AEDT| By Akanksha VashishtRetail sales data is a gauge of consumer confidence and the overall robustness of the economy. The past two years are a testament to the fact that the retail sector was one of the first sectors to get affected by pandemic-related disruptions. Wh.....
Australia budget 2022-23 to offer petrol price relief & support first home buyers
March 29, 2022 04:29 AM AEDT| By Akanksha VashishtHighlights The federal budget, due Tuesday, is expected to include a fuel excise cut for Australians. The budget is expected to focus on easing the cost of living pressures and housing affordability. Critics argue that the government.....
When was the last housing market crash in Australia?
March 28, 2022 07:07 PM AEDT| By Akanksha VashishtThe Australian housing market has been subject to many ups and downs in the recent past. The record-low interest rates have brewed an environment of widespread borrowing, causing a large uptick in housing demand. However, the current boom in prices.....
Impact of COVID-19 on Australian property market: Six points to note
March 26, 2022 12:59 AM AEDT| By Akanksha VashishtHighlights The current property price surge can be attributed to record-low interest rates and favourable grants by the centre and state governments. More first-time homebuyers have entered the property market in the last two years. Since the .....
Housing imbalances & inflation causes of worry in NZ, says IMF
March 24, 2022 01:56 PM AEDT| By ManikaHighlights NZ economy in strong position so far Omicron, Ukraine war and China slowdown will impact the economy adversely Inflation, household debts situation & housing unaffordability should be tackled immediately The International M.....
