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Latest news: Inflation and Deflation

Treasurer downplays property tax windfall from budget

Treasurer downplays property tax windfall from budget

Jim Chalmers is talking down the amount of extra revenue that changes to negative gearing and the capital gains tax discount will add to the budget.

Woolworths bumped price of baby food before 'discount'

Woolworths bumped price of baby food before 'discount'

Woolworths bumped price of baby food before 'discount'

Woolworths bumped price of baby food before 'discount'

Woolworths sold baby food at a higher price for just three weeks before taking off 50 cents and marketing it as a price reduction, a court has been told.

Warning for borrowers as RBA frets over its credibility

Warning for borrowers as RBA frets over its credibility

Warning for borrowers as RBA frets over its credibility

Warning for borrowers as RBA frets over its credibility

The Reserve Bank is worried about 1970s-style runaway inflation if it loses credibility in fighting inflation, as analysts warn of up to five more rate hikes.

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Spoils of Iran war to deliver Chalmers a budget boost

Spoils of Iran war to deliver Chalmers a budget boost

The federal budget will be billions of dollars better off, even with added spending, because of higher commodity prices and inflation, a top economist says.

Australia faces 'sharp recession' if US escalates war

Australia faces 'sharp recession' if US escalates war

As Donald Trump fails to reassure traders about the Strait of Hormuz, analysts warn Australia's economy is hurtling towards a recession the longer it is closed.

The RBA conflict that could decide its next rates call

The RBA conflict that could decide its next rates call

Australia's central bank must abandon its narrow path and choose between getting inflation down quickly or keeping unemployment low, economists say.

CBA ups inflation prediction as supply chains strain

CBA ups inflation prediction as supply chains strain

Australia is staring down the barrel of inflation above five per cent as a result of the Iran oil supply shock, economists from the Commonwealth Bank warn.

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Labor backs above-inflation wage bump for low-paid

Labor backs above-inflation wage bump for low-paid

Labor backs above-inflation wage bump for low-paid

Labor backs above-inflation wage bump for low-paid

Wage increases have not been driving recent inflation pressures and low-paid workers deserve a real pay rise, the government says.

Calm before storm: RBA braces for spikes and hikes

Calm before storm: RBA braces for spikes and hikes

Calm before storm: RBA braces for spikes and hikes

Calm before storm: RBA braces for spikes and hikes

The economy is expected to be hit with a savage inflation spike which will in turn increase the chances of more interest rate hikes.

Insolvencies at record highs, set to rise on Iran war

Insolvencies at record highs, set to rise on Iran war

Insolvencies at record highs, set to rise on Iran war

Insolvencies at record highs, set to rise on Iran war

Australia's most essential industries are exposed to major risks from the ongoing conflict in the Middle East, as surging oil prices weigh on economic growth.

Confidence tanks as fuel spike flows to building costs

Confidence tanks as fuel spike flows to building costs

Confidence tanks as fuel spike flows to building costs

Confidence tanks as fuel spike flows to building costs

Housing Minister Clare O'Neil has brought together leaders from the construction industry as they grapple with skyrocketing materials costs.

Unions urge five per cent pay rise as inflation bites

Unions urge five per cent pay rise as inflation bites

Unions urge five per cent pay rise as inflation bites

Unions urge five per cent pay rise as inflation bites

Employer groups warn a pay rise above inflation for minimum wage earners would only tip more fuel onto the fire as rising petrol prices worry the Reserve Bank.

Upcoming inflation data to show calm before the storm

Upcoming inflation data to show calm before the storm

Upcoming inflation data to show calm before the storm

Upcoming inflation data to show calm before the storm

February consumer price data to be released on Wednesday will shape the Reserve Bank's thinking on interest rates ahead of a crucial meeting in May.

Three more rate hikes tipped as prices begin to rise

Three more rate hikes tipped as prices begin to rise

Three more rate hikes tipped as prices begin to rise

Three more rate hikes tipped as prices begin to rise

Construction contractors are already hiking prices due to rising fuel costs, in a sign the US-Israeli war in Iran is contributing to economy-wide inflation.

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Treasurer warns of major economic damage from Iran war

Fresh modelling shows oil price shocks and soaring prices for other commodities will have a lasting impact on Australia's economy.

Collateral damage: war threatens to blow up inflation

Domestic pressures were behind the Reserve Bank's decision to hike interest rates, governor Michele Bullock says, although the Iran war will worsen inflation.

Oil shock further reason for tax reform, spending cuts

An economic downturn might be needed to bring inflation back to target, economists warn, but the government can help with spending cuts and productivity reform.

Interest rate hike 'no slam dunk' amid Iran uncertainty

Traders and economists widely expect the Reserve Bank to lift interest rates but uncertainty over the Iran war could convince the board to keep them on hold.

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Wavering households ease urgency for more rate hikes

Economic data released this week will leave the Reserve Bank a little less concerned about underlying momentum in consumer demand, an economist says.

Rate hike odds spike for 'live' March RBA meeting

The battle to tame inflation has been thrown into more uncertainty by conflict in Iran and the Middle East, the Reserve Bank governor says.

Trump hails ‘golden age’ as US voters sour on economy

Donald Trump has broken the record for longest State of the Union speech as he claimed the US is “winning” under his leadership, even as his poll ratings slide.

'Rise on the horizon': inflation fuels rate hike fears

A small increase in underlying inflation has led to growing expectations the Reserve Bank will lift the cash rate in coming months.

'Too high': risk to economy forces RBA's hand on rates

Minutes from the Reserve Bank's latest meeting reveal the thinking behind its call to lift interest rates for the first in more than two years.

Signs of softening spending could stay RBA's rates hand

A surprise slide in consumer spending has thrown more uncertainty around the Reserve Bank's next move on interest rates.

Reserve Bank boss calls on businesses to invest smarter

Opposition MPs have grilled Reserve Bank officials over whether government spending and monetary policy errors contributed to the first rate hike in two years.

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Politics Australia New South Wales United States of America Unrest, Conflicts and War Economy, Business and Finance Energy and Resource Economy Consumer Goods Consumers Business Unions Immigration Construction and Property War Retail Tariff Employment Banking Central Bank

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