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Latest news: Consumer Issue - Macro Economics

Scam victims to get automatic financial compensation

Scam victims to get automatic financial compensation

Up to $3000 will be reimbursed to Australians who lose money through simple scam operations in order to lower the cost of investigations.

Woolies cut promo-price rest time from months to weeks

Woolies cut promo-price rest time from months to weeks

Woolies cut promo-price rest time from months to weeks

Woolies cut promo-price rest time from months to weeks

Rising inflation spurred changes to timeline limits on pricing to avoid "gaming" of promoted product prices, a supermarket executive has told a court.

Drivers' fuel spend finally drops as oil channel shuts

Drivers' fuel spend finally drops as oil channel shuts

Drivers' fuel spend finally drops as oil channel shuts

Drivers' fuel spend finally drops as oil channel shuts

Australian motorists are caught between the US and Iran as the Islamic republic backflips on a promise to reopen a critical shipping route.

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Fuel relief may not be enough to help stressed budgets

Fuel relief may not be enough to help stressed budgets

Two of Australia's biggest banks have recorded noticeable rises in the value of fuel transactions, with one also seeing evidence of potential stockpiling.

'Over-prepared': PM's pledge on growing fuel crisis

'Over-prepared': PM's pledge on growing fuel crisis

Australia will have a single point of contact co-ordinating fuel supplies and issues that might arise due to the Iran war, with further measures expected.

Fuel supply boosted as oil price threatens record highs

Fuel supply boosted as oil price threatens record highs

The government has temporarily lowered Australia's fuel quality standards to boost supplies as the war in the Middle East disrupts global markets.

'Made me feel ill': relief for househunting headache

'Made me feel ill': relief for househunting headache

Vendors are set to be saddled with organising and paying for building and pest inspection reports under an Australian state-first scheme.

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Qantas lifts international fares as war hits fuel costs

Qantas lifts international fares as war hits fuel costs

Qantas lifts international fares as war hits fuel costs

Qantas lifts international fares as war hits fuel costs

Qantas and Air NZ say the Iran war has caused a huge spike in the cost of jet fuel, while Virgin Australia's code-sharing flights to Doha have been cancelled.

Double whammy: food prices warning over war fuel shock

Double whammy: food prices warning over war fuel shock

Double whammy: food prices warning over war fuel shock

Double whammy: food prices warning over war fuel shock

Panic buying has forced some regional service stations to impose fuel restrictions as farmers warn shoppers to brace for grocery price hikes.

Energy rating report card urged for all Aussie homes

Energy rating report card urged for all Aussie homes

Energy rating report card urged for all Aussie homes

Energy rating report card urged for all Aussie homes

More than seven million homes will be eligible to receive a mark out of 10 for their energy efficiency but experts say the assessments should become mandatory.

CBA to repay $68m in fees to low-income customers

CBA to repay $68m in fees to low-income customers

CBA to repay $68m in fees to low-income customers

CBA to repay $68m in fees to low-income customers

Following a report by ASIC, the Commonwealth Bank says it's repaying $68 million to low-income customers who incurred unusually high banking fees.

Telco fined $2.5 million for mobile phone fraud

Telco fined $2.5 million for mobile phone fraud

Telco fined $2.5 million for mobile phone fraud

Telco fined $2.5 million for mobile phone fraud

Scammers were able to bypass Southern Phone's identity verification systems for months, leading to customers being defrauded almost $400,000.

Crackdown nears on 'dark patterns' exploiting consumers

Crackdown nears on 'dark patterns' exploiting consumers

Crackdown nears on 'dark patterns' exploiting consumers

Crackdown nears on 'dark patterns' exploiting consumers

The government has revealed a timeline for new protections to shield consumers from dodgy business practices.

Fears 'free' electricity could come with hidden costs

Fears 'free' electricity could come with hidden costs

Fears 'free' electricity could come with hidden costs

Fears 'free' electricity could come with hidden costs

Some households will get free access to electricity for three hours a day but questions have been raised about unintended consequences from the plan.

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Power prices to rise, secret department documents warn

The federal government has released confidential briefing documents which warn of higher power prices over the months to come.

'Slam dunk': Microsoft sued for misleading Aussie users

Microsoft might have misled millions of Australian customers when it sent emails about higher fees for its flagship AI assistant.

Bank customers more scam savvy as fraud losses fall

Australian bank customers are losing less money to scams as they gain more knowledge about grifts and banks boost defences.

Apple says competition changes could open door to scams

A US tech giant has rejected proposed changes to Australia's digital competition rules, saying some could put consumers and app developers at risk.

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Fears super tax rise for rich will whack housing market

Slapping taxes on high superannuation balances may be well intended, but the federal government's plan could harbour some pitfalls.

Prices dropping for all major supermarkets bar Woolies

Woolworths is the only major supermarket chain to flunk a government-funded report on grocery prices across Australia.

Record high house prices as rate cut buoys sentiment

House prices have rebounded to record highs after the Reserve Bank's rate cut boosted sentiment and improved Australians' borrowing power.

The $239b Aussie industry smashing investment records

Australia's exchange-traded funds industry continues to break records and its value is tipped to rise to perhaps as much as $800 billion by 2030.

Deals on the bus go down, down: transport costs plunge

Transport costs have fallen for Australian households, a report shows, led by public transport discounts and falling fuel prices.

Solar battery surge expected for plugged-in households

More Aussie households are expected to investigate solar batteries as a way to save on the cost of power rather than the cost to the environment, a bank says.

It's not you: banking outages are taking longer to fix

Digital payment services are under increasing pressure as Aussies ditch cash and they are mostly rising to the task, a Reserve Bank report has found.

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