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Annual wages growth in Australia hits 4 2% in December, marks biggest rise in 15 years

Annual wages growth in Australia hits 4 2% in December, marks biggest rise in 15 years
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Inflation rises higher than expected over last quarter potentially locking in November rate hike for Reserve Bank

Experts believe the Reserve Bank will almost certainly raise interest rates at its next meeting in November, after inflation rose further than expected during the last quarter.

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European summers, rents and takeaway meals pushing inflation in latest quarter, the Australian Bureau of Statistics reveals

The Australian Bureau of Statistic revealed there were five key items driving up inflation as new data shows the rate surprisingly eased in the latest quarter.

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Australia – Annual living expenses for workers reach all-time high, outpacing inflation

Annual living expenses for working Australians have reached an all-time high and record-high mortgage interest rates were mostly to blame, according to the latest data from the Australian Bureau of Statistics.

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Australia Inflation Moderates In February

Australia's consumer price inflation moderated to an eight-month low in February adding weight to the expectations that the Reserve Bank will pause its interest rate hike next week.

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