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Latest news: Prices

Hard-to-miss petrol pricing a 'proxy' for inflation

Hard-to-miss petrol pricing a 'proxy' for inflation

Households are constantly reminded of the price of filling up and the Reserve Bank says that's why petrol plays an outsized role in expectations for inflation.

Debit card surcharges could be scrapped in crackdown

Debit card surcharges could be scrapped in crackdown

Debit card surcharges could be scrapped in crackdown

Debit card surcharges could be scrapped in crackdown

Surcharges on debit card purchases could become a thing of the past by 2026, but some groups are warning the fees could be imposed in other ways.

Energy giant fined $14 million for misleading prices

Energy giant fined $14 million for misleading prices

Energy giant fined $14 million for misleading prices

Energy giant fined $14 million for misleading prices

EnergyAustralia has been heavily fined for making false, misleading or deceptive statements that may have prevented consumers from getting the best deal.

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Pain at the pump, Australians hit by fuel price hikes

Pain at the pump, Australians hit by fuel price hikes

Australians in major capital cities are being exposed to higher fuel prices for longer, new data shows.

Fading economy yet to unlock rate cuts for watchful RBA

Fading economy yet to unlock rate cuts for watchful RBA

The economy might be slowing but the Reserve Bank chief wants inflation to moderate further before opening the door to interest rate cuts.

UK to probe dynamic pricing after Oasis tickets surge

UK to probe dynamic pricing after Oasis tickets surge

A UK minister has called the inflated selling of Oasis tickets "depressing" as she revealed that dynamic pricing would be included in a review of gig sales.

Plan to lower energy bills through power of bulk-buying

Plan to lower energy bills through power of bulk-buying

A mayor plans to slash power bills for his city's residents and business operators in a bulk-buying scheme he says could work for communities across Australia.

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Beware of economic 'false prophets', warns Reserve Bank

Beware of economic 'false prophets', warns Reserve Bank

Beware of economic 'false prophets', warns Reserve Bank

Beware of economic 'false prophets', warns Reserve Bank

Reserve Bank deputy governor Andrew Hauser says projecting future movements in the economy is inherently uncertain and overconfidence is a red flag.

Price cuts may recharge Aussie electric vehicle market

Price cuts may recharge Aussie electric vehicle market

Price cuts may recharge Aussie electric vehicle market

Price cuts may recharge Aussie electric vehicle market

Some of Australia's biggest electric vehicle brands have cut the price of their models, with one setting a record cost for low-emission cars.

Door swings shut on rate rise following inflation data

Door swings shut on rate rise following inflation data

Door swings shut on rate rise following inflation data

Door swings shut on rate rise following inflation data

Australia's inflation rate has clocked its first annual increase in 18 months but borrowers can breath easy as it was unlikely to trigger another rate hike.

Hints on state of economy as cost relief kicks in

Hints on state of economy as cost relief kicks in

Hints on state of economy as cost relief kicks in

Hints on state of economy as cost relief kicks in

Business sector data will offer insights on the health of Australia's economy in the weeks since tax breaks and other cost-of-living support came into effect.

'Painful squeeze': inflation spike renews heat on rates

'Painful squeeze': inflation spike renews heat on rates

'Painful squeeze': inflation spike renews heat on rates

'Painful squeeze': inflation spike renews heat on rates

Surprisingly strong inflation has resurrected the possibility of another interest rate hike in an unsettling development for squeezed borrowers.

Slower US consumer price growth boosts rate cut hopes

Slower US consumer price growth boosts rate cut hopes

Slower US consumer price growth boosts rate cut hopes

Slower US consumer price growth boosts rate cut hopes

Expectations for an interest rate cut in 2024 have been given a boost by US consumer prices increasing less than expected in April.

Groceries inquiry backs breaking up major supermarkets

Groceries inquiry backs breaking up major supermarkets

Groceries inquiry backs breaking up major supermarkets

Groceries inquiry backs breaking up major supermarkets

Supermarket price gouging should be illegal and there must be laws to break up major retailers that abuse their market power, a Senate committee has found.

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Crowds shell out for seafood as Easter egg prices crack

Australians have flocked to fish markets for the traditional Good Friday shopping spree but cheaper species are expected to be high on the menu this year.

Australians to have their say on supermarket prices

Shoppers and farmers are being encouraged to have their say about supermarket prices and how competition can be increased to lower the bill at the checkout.

Prices ease but insurance and housing are still biting

Consumer price growth is coming off the boil but some key essential goods and services are still painfully elevated.

Inflation rate eases to two-year low in welcome sign

A larger-than-expected slowdown in the inflation rate has all but assured there will be no change in interest rates at the Reserve Bank's meeting next week.

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Slower-than-expected inflation lifts rate pause hopes

Surprisingly lower inflation growth has given mortgage holders renewed hope interest rates won't be lifted again in February.

Ham over fist, supermarkets face a grilling over prices

Christmas ham has become a political issue with a minister urging supermarkets to freeze its prices as the major chains face an inquiry into price gouging.

Photo finish looms for Melbourne Cup interest rate call

Australian borrowers could be hit with another interest rate hike at a closely run Melbourne Cup Day cash rate call.

Price-setting 'missing' in the inflation story: Fels

Former competition watchdog chair Allan Fels is scrutinising the connection between corporate price setting and profits and current high inflation.

Cost of living crisis a double whammy as poor pay more

Australians on lower incomes often pay more for the same basic essentials due to being less able to shop around or buy in bulk, a new report has found.

Sky-high airfares on the radar to meet emission targets

Net-zero emission targets may ramp up the price of plane tickets as airlines face accusations of wasting capacity, putting an artificial cap on demand.

Gas executives urge supply boost for bill relief

Resource companies have told a Senate inquiry a lack of new supply for gas was a factor in rising energy prices.

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