What is inflationary psychology and how does it affect our rising cost of living?

In early September, Reserve Bank Governor Philip Lowe began his annual address to the Anika Foundation, discussing inflation and the country’s future prospects. It was two days after the RBA’s governor confirmed the country’s fifth consecutive hike in the country’s cash interest rates. “After several years of below target inflation, it is now significantly above … Read more

The biggest Fed rate hike in 40 years? It may come next week.

Desperate times call for desperate measures, and times are, arguably, increasingly desperate. Continued high inflation could force the Federal Reserve to resort to the largest hike in a major US interest rate in more than 40 years. After another dismal inflation report in the US, economists at the brokerage Nomura Securities became the first on … Read more

Falling petrol prices keep inflation under control

The U.S. Consumer Price Index (CPI) saw no real change in July, suggesting inflation is declining as a result of falling gasoline prices, according to the latest Bureau of Labor Statistics data released Wednesday. Overall, the CPI tracking gasoline prices fell 7.7%, while other indices, including food, rose. Used vehicles and airline tickets declined along … Read more

What prices will go up to push inflation above 7 percent?

Australia has just seen its highest level of inflation since the introduction of the GST, pushing many prices up 10 percent overnight. The June quarterly figures, released earlier this week, showed consumer prices rose 6.1 percent over the past year, the most since June 2001. But most experts, including the Reserve Bank and Treasury, predict … Read more

Cost of living tightness forces families to adapt as Perth grapples with Australia’s worst inflation

A Mandurah family has found a creative way to counter the rise in the cost of living by gathering three generations under one roof as inflation in Australia soared to its 20-year high. Most important points: WA’s inflation is above the national rate, with Perth topping capitals There is a wave of people with jobs … Read more

What is inflation? Why is it so high? And how does the RBA plan to bring it back?

If you’re the person in your household who usually does the shopping or fills up the car, you don’t need a statistician to tell you that prices are going up. Nevertheless, the latest official talk on the rise in consumer prices will come out on Wednesday from the Australian Bureau of Statistics. It is called … Read more