Month: September 2022

The new Australian Bureau of Statistics (ABS) Monthly CPI Indicator has shown headline Inflation in Australia had hit 7.0 percent in the year to July, and 6.8 percent in the year to August. Prices for food and non-alcoholic beverages have risen at 9.3 percent per year, helped by fruit and …

As widely expected, the Reserve Bank of Australia (RBA) has today increased the official cash rate (OCR) by 50 basis points to 2.35 percent. This is the fifth consecutive rate hike this year as the RBA continues to normalise interest rates in preparation for what is shaping up to be …