Cost of Living • Crikey

The weak economy is at a painful turning point, one that might finally prove to be unspinnable

Bernard Keane — Tue, 03 Sep 2024 01:11:35 +0000

The government's economic critics want it both ways — complaining it's not doing enough to lower inflation while also not doing enough to support growth.

The post The weak economy is at a painful turning point, one that might finally prove to be unspinnable appeared first on Crikey.

Interest rate cuts coming for the US. Will Australia’s RBA finally see the light?

Glenn Dyer — Tue, 27 Aug 2024 01:43:09 +0000

Suddenly the inflation hawks who have previously written about how the Fed lifting rates 'puts pressure' on the RBA to do the same are nowhere to be seen.

The post Interest rate cuts coming for the US. Will Australia’s RBA finally see the light? appeared first on Crikey.

Vilification of international students hides the real problem in universities

Sophie Cotton — Mon, 12 Aug 2024 04:10:55 +0000

Cutting international student numbers or jacking up their application fees will not do anything for the students and staff stuck between management policy and government underfunding.

The post Vilification of international students hides the real problem in universities appeared first on Crikey.

Index of misery: How the RBA’s inconsistency is harming households

Bernard Keane — Wed, 07 Aug 2024 01:31:46 +0000

The Reserve Bank is increasingly frustrated inflation won't come down. Maybe it should look at the role governments play.

The post Index of misery: How the RBA’s inconsistency is harming households appeared first on Crikey.

The greatest threat to Australia’s social cohesion? The Reserve Bank

Bernard Keane — Mon, 05 Aug 2024 02:19:44 +0000

The Reserve Bank has been the biggest driver of economic insecurity over the past two years and thus the biggest threat to social cohesion.

The post The greatest threat to Australia’s social cohesion? The Reserve Bank appeared first on Crikey.

As consumers cut spending, governments keep pumping inflation

Bernard Keane — Wed, 31 Jul 2024 04:32:06 +0000

Inflation continues to resist efforts to bring it down — partly because of government policy. Meanwhile, consumers are spending much less.

The post As consumers cut spending, governments keep pumping inflation appeared first on Crikey.

Cheaper mortgages, tamed inflation: How 29 forecasters see Australia’s economic recovery

Peter Martin — Mon, 01 Jul 2024 00:11:17 +0000

Only two forecasters expected higher rates by mid next year.

The post Cheaper mortgages, tamed inflation: How 29 forecasters see Australia’s economic recovery appeared first on Crikey.

Are we measuring inflation correctly? The US experience suggests we might not be

Glenn Dyer — Thu, 27 Jun 2024 01:47:29 +0000

Other countries, including the United States, measure inflation quite differently to us. Is the CPI giving us the best possible understanding of the challenges we're facing?

The post Are we measuring inflation correctly? The US experience suggests we might not be appeared first on Crikey.

Ordinary households are struggling in a stagnant economy. Lay off them

Glenn Dyer — Thu, 06 Jun 2024 01:18:45 +0000

Interest rate hikes have clobbered the economy into near-zero growth as ordinary households run down their savings to fund the basics.

The post Ordinary households are struggling in a stagnant economy. Lay off them appeared first on Crikey.

We analysed 30 years of Australian media articles — and unearthed some glaring gaps in the coverage

Alexandra Wake — Fri, 24 May 2024 04:36:18 +0000

Turns out journalists have consistently allowed their coverage to be dominated by male voices and high and middle income earners.

The post We analysed 30 years of Australian media articles — and unearthed some glaring gaps in the coverage appeared first on Crikey.