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A big week for getting a temperature on the economy leading into Tuesday’s RBA interest rate decision… and that pesky Aussie inflation figure looks to be heading in the right direction. Consumer prices, CPI, rose 0.2 per cent in October and 6.9 per cent over the year, which is slowing down and came in well… Read more »
There’s no doubt we all need a pay rise to help us keep up with inflation. But just how much is needed and how can we increase our chances of getting it? CommSec released a fascinating research report which has taken the latest inflation figures and applied them to average weekly earnings. It found the… Read more »
Profit reporting season is in full swing and more economic data is emerging that suggests, as expected, inflation is starting to peak and the prospect of an economic recession is fading. Look, this isn’t new if you’re a regular reader of Your Money & Your Life. I’ve been trying to calm the farm around all… Read more »
Well, where to start when it comes to interest rates and the Reserve Bank (RBA)? Major speeches this week from the RBA Governor and Deputy Governor, plus the Federal Treasurer orders an independent “review” of the RBA’s performance, governance, mandate and inflation settings. Let’s start with the review. As you know, I’ve been scathing of… Read more »
Each week we ask a question to help you focus on an area of your finances that might need a closer look. This week: How can I reduce the cost of living? Oh boy, are we all getting hit with the cost of living stick right now. Fuel prices are through the roof, rent is… Read more »
Impending inflation rise is all over the news and we really want to know what inflation means for the quality of our daily life. Most people hate the idea of inflation. And that’s because they worry that if the price of the things they buy increases, they won’t be able to afford to buy as… Read more »
If you’re working hard to save, but it still feels like your money is going backwards, this one is for you. By Alex Brophy Your savings are in a super tough spot right now, with low mean interest rates and stubborn inflation conspiring to eat away at the value of your cash. You see, consumer prices increased… Read more »
You know the pattern: your income goes up (yay), but so does your spending (boo). It’s called lifestyle inflation or lifestyle creep, and it’s keeping you from building your wealth. Do you also have a bit of a laugh when you look back at your first salary? Mine was $18k a year, which even then… Read more »
Suddenly, Australia’s annual inflation rate is 3.8%, having jumped from 1.1% for the twelve months to March. Should we be worried? The June quarter jump follows a jump in the United States to 5.4% and a jump in New Zealand to 3.3%, sparking a debate between leading pundits such as former US treasury secretary Larry… Read more »
