Inflation on the Rise in Australia: Impact of Higher Fuel Prices Introduction Australia‘s inflation rate increased by 1.2% in the September quarter, driven by higher fuel prices. The rise in the consumer price index (CPI) has exceeded economists’ expectations and has raised speculations about a potential increase in interest rates by the Reserve Bank. This […]
Woolworths‘ Profit Surge Raises Thorny Questions Woolworths, the Australian supermarket giant, has seen a significant jump in profits, with the supermarkets division experiencing a surge of nearly 20%. While this may seem like positive news for the company, it also raises some thorny questions. Brad Banducci, the CEO of Woolworths, insists that the balance between […]
Australian Crypto Market Volatility: Analysis and Factors Behind the Price Drop Australian Crypto Market Volatility: Analysis and Factors Behind the Price Drop Introduction The global cryptocurrency market has recently experienced significant volatility, with Bitcoin and other cryptocurrencies witnessing a notable price drop. This sudden decline has raised concerns among investors and the general public about […]
What’s behind RBA boss Phil Lowe’s growing inflation anxiety Introduction The Reserve Bank Governor, Philip Lowe, is increasingly becoming anxious about inflation in Australia. The central bank aims to reach a 2 per cent-to-3 per cent target range for inflation, and the recent consumer price inflation has surged unexpectedly. This rise in inflation, combined with […]