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Economy
US inflation slowed down to 8.3% in April as gasoline prices eased
May 11, 2022 01:23 PM PDT| 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. .....
Will petrol prices hit AU$2 a litre again? Why are Aussie petrol prices soaring?
May 10, 2022 11:07 PM PDT| By Akanksha VashishtHighlights A fuel price hike seems to have virtually nullified the excise cut offered by the government, pushing motorists into peril. Many states have observed a larger spike in fuel prices than others due to the varying underlying costs of pr...
What is wage inflation and how is it different from consumer price inflation?
May 10, 2022 06:20 PM PDT| 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.....
Will rising power bills impact Morrison Govt's re-election bid?
May 10, 2022 12:36 AM PDT| By Akanksha VashishtHighlights The present government has seen a bevy of challenges ahead of the election campaign. Concerns loom that rising power bills could potentially affect consumers’ voting decisions. Despite what the political leaders claim, many ex.....
ANZ, NAB and CBA release key economic data; know more
May 09, 2022 09:29 PM PDT| By Akanksha VashishtHighlights The big four banks have released key economic data for April, which was marked with rate hike expectations. The ANZ-Roy Morgan consumer confidence dipped slightly, while NAB monthly business survey showed an optimistic scenario. The.....
How Australian Fashion Trademark will guide growth in national economy
May 09, 2022 07:00 PM PDT| By ManishaHighlights: The Australian Fashion Council has officially rolled out Australian Fashion Trademark. The Australian Fashion™ will give an identity to the innovative work of art from Australia’s fashion & textile industry. Four po.....
Morrison-Albanese debate: key takeaways for markets
May 09, 2022 05:22 PM PDT| By Toshiva JainHighlights: Anthony Albanese said his labour party would focus on increasing wages to combat rising prices. Significant issues such as First Nations Policy and Aboriginal and Torres Strait Islander people have not been yet discussed. Scott Mor.....
How is Australian job market faring?
May 08, 2022 11:25 PM PDT| By Toshiva Jaination days. The current stance of the Australian job market has grabbed all eyes. There has been a significant increase in the number of jobs available in Australia. The unemployment rate has been declining over recent months to 4% and labour f...
Federal Election 2022: Healthcare needs and promises
May 08, 2022 10:01 PM PDT| By Aditi SarkarHighlights Promises of major parties regarding the health policy have been in the limelight The aged care sector calls for a workforce partnership supplement Pharmacy Guild is delighted by the commitment made by both major parties to make medi.....
How are sky-high living costs impacting pensioners in Australia?
May 07, 2022 07:12 AM PDT| By ManishaHighlights Pensioners desire a stable cost of living that doesn’t hurt their pockets. The living cost has surged manifold for the pensioners in Australia. Disruptions in the supply chain of goods due to multiple factors have flared the r...
Healthcare in Australia: Insights into budget and election promises
May 07, 2022 07:09 AM PDT| By Aditi Sarkarance scheme Australia has one of the best healthcare systems globally, offering its citizens safe and affordable healthcare services. The country hosts two kinds of healthcare systems – public and private. The public health system, popular...
What NAB and Macquarie’s outlook speak about Australian economy
May 06, 2022 05:05 PM PDT| By AayushHighlights NAB said its strong performance clearly indicates an ongoing strengthening of the Australian economy. NAB also expect the unemployment rate to fall below 4% in the coming months. Macquarie Group expects growth to remain strong at le...
How will interest rate hike impact your mortgage outgo?
May 06, 2022 07:25 AM PDT| By Toshiva JainHighlights RBA Governor Philip Lowe stated that borrowers should remain ready for further hikes to bring inflation down to target numbers. The first increase in cash rate may not significantly impact borrowers. Borrowers should take help of so...
Further tightening expected as RBA shares fresh economic outlook
May 05, 2022 10:05 PM PDT| By Akanksha VashishtHighlights After the recent interest rate hike by the RBA, the cash rate now stands at 0.35%. The RBA has announced an uptick in its inflation forecast as sources of inflation are expected to change. Rising wages due to labour market strengthe.....
How can RBA’s latest interest rate hike impact elections?
May 05, 2022 08:28 PM PDT| By Akanksha VashishtHighlights The central bank’s interest rate hike decision appears to be a non-political decision on the surface. The rate hike of 25 basis points might impact the people’s perception of the current government. The current governmen...
Busy day for economic activity: International trade, building approvals data out
May 04, 2022 09:36 PM PDT| By Akanksha VashishtHighlights Policymakers and households are keeping a keen eye on economic data, especially in a high-interest rate environment. ABS released the data for dwellings approvals, international trade balance and retail sales soon after the RBA annou.....
How much extra mortgage owners will be paying after rate hike?
May 04, 2022 08:19 PM PDT| By Akanksha Vashishtr spending. With inflation data creating much havoc in the market, an interest rate hike had become imminent to cool off the economy. The latest inflation numbers compelled the Australian central bank to raise the cash rate by 25 basis points. A...
Explained: How Russian economy is holding on despite heavy sanctions
May 04, 2022 06:21 PM PDT| 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.....
RBA flags more hikes to come: Is Australian economy resilient enough?
May 04, 2022 06:03 PM PDT| By Akanksha VashishtHighlights: The recent interest rate hike by the Reserve Bank is likely to be succeeded by multiple hikes this year. The RBA cited that the Australian economy is resilient enough to adjust to a rate hike by the apex bank. A deeper inspection s.....
Big 4 banks respond to rate hike: What are the new rates for ANZ, WBC, CBA, NAB?
May 03, 2022 10:49 PM PDT| By Akanksha Vashishtk to do so. As the Reserve Bank of Australia (RBA) recently announced its first cash rate hike in over a decade, the economy is still adjusting to the shocking news. The RBA raised rates by 25 basis points, bringing the cash rate to 0.35%. All t...
