Inflation

Market analysts are predicting the Reserve Bank will hike interest rates when they next meet on November 7, just half an hour before the race that stops the nation.

Inflation in Australia has largely beaten expectations, raising fears among borrowers that the RBA will be forced to deliver another interest rate hike.

Michele Bullock has used her first speech as RBA governor to reiterate the bank's approach to the cash rate.

Australians could be hit by another cash rate hike as soon as a fortnight from now unless inflation eases.

The Reserve Bank of Australia (RBA) has kept the nation's interest rates on hold, but experts have warned borrowers not to breathe a sigh of relief yet.

Over the past year, the number of households that have fallen a month or more behind in mortgage repayments has increased in every state and territory

The most rapid decline in home prices in recent history is now fully reversed, with national prices returning to their peak.

New data from the Australian Bureau of Statistics (ABS) shows strong increases in the cost of housing and fuel contributed to the minor bump, up from 4.9 per cent the month prior.

Hopes interest rates could soon fall have been dashed as the fight against inflation continues.

The supermarket said it was aiming to shame suppliers into reducing their prices.

This will be Philip Lowe's final RBA board meeting as governor.

New research released today showed values picking up across the country.

The ABS revealed the consumer price index rose by 4.9 per cent over the last year – the lowest the measure has been at since the same figure was recorded in February 2022.

Michele Bullock says climate change poses a "particularly acute" challenge to the Australian economy.

Domino's Pizza has announced plans to cut around 200 jobs in Australia and overseas as the franchiser's profits plunge and pizza sales dropped.

A fan-favourite show bag at the Royal Adelaide Show has gone up in price as families continue to feel the pinch of inflation

Meat prices are still high but might be on the way down.

More than 90 per cent of insolvency professionals believe Australia is set to dip into a recession.

Philip Lowe said that while many were suffering, he had also received many letters 'thanking' him for raising rates.

Households across the country saw living costs increase in the June quarter by amounts either higher or equal to the consumer price index.

Experts are divided on whether or not the board will elect to push rates another 0.25 per cent higher.

Economists are split on whether the bank will lift the cash rate again tomorrow.

But the optimistic forecast also came with a warning for September.

Inflation may be heading in the right direction but the bank will likely still consider another rise.

Weekly treats are a bottom priority for consumers but when it comes to kids and pets, they're top of the list.

The cost of living is adding up, but this week one set of numbers will matter the most.  

'If it goes on like this for another six or seven months like this, we're going to close.'

The cost of mortgage repayments have hit historical highs, but the RBA is still mulling further rate rises.

A ultra cheap rental listing in Wellington was removed over the weekend over concerns about whether it was compliant.

The government's rush to cash in on the $40 billion international student industry has negatively rocked the rental market, think tank warns

While everyone might want an easy answer here about whether rates will rise or fall more under the reformed RBA, the reality isn't quite so simple.

ABS data revealed household spending on discretionary goods and services - meaning non-essential items - was 0.6 per cent lower compared to May last year.

"It's ordinary Australians who are copping it."

As mortgage holders breathe a sigh of relief in the wake of the rates pause, one man claims it's "not enough".

About 70 per cent of Australia's mortgage holders are worried about meeting their repayments, with younger people feeling the pinch in particular, new research has found.

The surprise result puts the expectation of a near-inevitable interest rate hike next month in doubt.

Economists are talking about how "sticky" inflation is. This is what that term actually means.

Almost two-thirds of vulnerable Australians can't afford to pay their bills on time, according to new research.

Stunning new research has showed Australians are barely affording to cover their basic expenses.

The Reserve Bank board weighed up two options in June: leaving rates on hold, or pushing them up by 25 basis points to 4.1 per cent.

Australia's major banks have downgraded their forecasts for economic growth as cash strapped consumers tighten their belts in response to continued interest rate rises.

Bosses in Australia gained an average 15 per cent base pay rise, new research released today showed.

Inflation of 2.2 per cent. Interest rates at 1.5 per cent. It's a scenario that seems too good to be true for Aussies struggling with the cost of living crisis.

Australia's $2.2 trillion economy is sitting on a knife edge with a 50-50 chance of tipping into recession in the next 12 months, says a leading economist.

Some economists are predicting more pain for borrowers today, as the number of Aussies falling behind on their mortgages is at a two-year high.

New data has revealed Australia's "misery index" is almost as high as it was during the global financial crisis, due to climbing inflation and interest rates.

ANZ has predicted more pain at the hip pocket for Aussie borrowers, revealing today it expects interest rates to rise again by another 0.5 per cent next month, while forecasting the cash rate to hit a peak of 4.35 per cent in August.

Despite the significant jump, workers won't see a 'real value' increase thanks to soaring inflation.

Philip Lowe faced a grilling at a Senates estimate hearing this morning - as another rate rise is weighed up next week.

The shock rise in defiance of market expectations is fuelling fears of another rate hike next week.