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The result means annual inflation rate is now at its lowest level since December 2021, while quarterly inflation was 0.6%, down from 1.2% in September. Inflation further cools in Australia as ...
Australian households are under broad financial pressure from high inflation, which spiked as high as 7.8% in December 2022, before slowing to 5.4% in the third quarter.
Australian households are under broad financial pressure from high inflation, which spiked as high as 7.8% in December 2022, before slowing to 5.4% in the third quarter of 2023. That has dented ...
Two years into the Accord, a falling Australian dollar made imports more expensive, hence adding to inflation. Under the terms of the original Accord, wages would be raised in proportion to the inflated price of consumer goods. The government saw a break with wage indexation as a way to stem the inflation. [5]
The 2024 Australian federal budget was delivered on budget night at 7:30pm on Tuesday, 14 May 2024 by Treasurer Jim Chalmers. [2] The budget will dictate how the Australian Government will allocate an estimated A$715 billion across the federal government, and to state and territory governments. [ 1 ]
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The ABC News channel is an Australian 24-hour news channel launched and owned by the Australian Broadcasting Corporation. [ 2 ] [ 3 ] [ 4 ] The channel replaced and used the then-former ABC HD channel space (which simulcast ABC TV in high definition) and commenced broadcasting as ABC News 24 at 7:30pm ( AEST ) on Thursday, 22 July 2010.
Chart 1: House Price Index and CPI. Source ABS. The Australian property bubble is the economic theory that the Australian property market has become or is becoming significantly overpriced and due for a significant downturn (also called a correction or collapse).