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Inflation in Australia up 3 Percent on the Back of Fuel and Housing Price Rises

The Australian Bureau of Statistics (ABS) revealed that the consumer price index (CPI) rose 0.8 percent in the . ....

Rebecca Zhu , Michelle Marquardt , Hayden Dimes , Australian Bureau Of Statistics , Australian Bureau , Justin Smirk , Reserve Bank , Anz Bank , Inflation Rate , Reserve Bank Of Australia , Westpac Bank , The Epoch Times ,

Australia COVID: Budget bottom line deteriorates as jobs disappear across Sydney

The budget deficit could be up to $35 billion worse than expected as lockdowns hit the economy, with people in south-west Sydney paying the highest price. ....

New South Wales , Josh Frydenberg , Hayden Dimes , David Plank , Treasurer Josh Frydenberg ,

Australia COVID: Budget bottom line deteriorates as jobs disappear across Sydney

Australia COVID: Budget bottom line deteriorates as jobs disappear across Sydney
watoday.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from watoday.com.au Daily Mail and Mail on Sunday newspapers.

New South Wales , Josh Frydenberg , Hayden Dimes , David Plank , Treasurer Josh Frydenberg ,

Australian dlr unsettled by soft inflation, finds strength in commodities

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SYDNEY, April 28 (Reuters) - The Australian dollar slipped on Wednesday after surprisingly soft inflation data argued for super loose policy for years to come, though surging commodity prices helped limit losses.
The Aussie fell 0.3% to $0.7740 and away from resistance at $0.7815. Support comes in around $0.7735 and $0.7695.
The New Zealand dollar followed with a dip to $0.7195 , having failed to sustain a five-week top of $0.7243 touched on Monday. Support lies around $0.7150/60.
Australian consumer prices rose just 0.6% in the first quarter, when analysts had looked for 0.9%.
Even more startling was a slowdown in a key trimmed mean measure of inflation to a record low of 1.1%, far away from the Reserve Bank of Australia’s (RBA) target band of 2-3%. ....

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Budget 2021: Josh Frydenberg to kick-start Australian economy with major shift to fiscal policy

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Treasurer Josh Frydenberg will use his post-pandemic budget to deliberately run the economy as fast as possible in a bid to drive the nation’s jobless rate below 5 per cent, upending the federal government’s fiscal policy.
In a major shift in rhetoric and budget policy, Mr Frydenberg will on Thursday use a speech to bring the government’s spending plans in line with the Reserve Bank’s own aggressive monetary policy stance while abandoning any rush to post-pandemic austerity.
Last year Josh Frydenberg said budget repair would not start until unemployment was comfortably below 6 per cent. That plan will be dumped in this budget. ....

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