Inflation – 2SEA Southern Community Radio Sapphire Coast NSW

Families under growing pressure as climate change fuels inflation, report finds

A new report finds Parents around Australia are becoming more concerned about the impacts of climate change on the cost of living, The ‘Under Pressure’ report, commissioned by Parents for Climate and Climate Council, shows families have reduced the amount of quality food they’re buying. The report also found two out of three families have …

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Minimum wage increase fails to erase post-pandemic losses

The Wire / By The Wire

The Australian government has recently raised the national minimum wage to 3.75% compared last years 5.75%. Experts from Centre for Future Work say this increase will not keep up with inflation rates. Research shows the real value of most Award wages has lagged behind inflation since 2021 and an increase of between 5% and 10% …

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The Grocery Costs Are Too Darn High

The Wire / By The Wire

With community concern about the cost of living the release of an ACTU report into the impact of price gouging could see some of Australia’s largest corporations put under the spotlight. Today this saw former chairman of the ACCC Allan Fels argue for the implementation of improved competition policy and greater price monitoring powers because …

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Government announces review into alleged supermarket price gouging

The Wire / By The Wire

While the increasing interest rates are exacerbating the cost of living crisis for Australian residents, a recent report revealed some major supermarkets made large profits in 2022–23. Woolworths, for example, made net profits of $1.62 billion. Federal Government has announced a review into the food and grocery code of conduct, investigating the alleged price gouging …

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Aussie Farmers Welcome Senate Inquiry into Major Supermarkets

The Wire / By The Wire

Australian Farmers have welcomed the announcement of a Senate inquiry into rising costs and profits of major supermarkets. The Greens secured cross-party support to establish the inquiry, which will investigate price gouging, food inflation and supply chain issues. Image: Image: Pexels/ Cottonbro Produced By: Georgia Fisher Featured In Story: Tony Mahar- CEO, National Farmers Federation …

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Purchasing Behavior this Christmas

The Wire / By The Wire

Australia recovered well from COVID this year. Despite facing inflation and a high cost of living in the early months of 2023, life is normalizing as inflation eased in October. The Black Friday sale and the Cyber Monday sale experienced a 3% increase in consumer spending compared to the previous year. Christmas, eagerly awaited, is …

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Inflation surges: Australians face rising living costs

The Wire / By The Wire

The Consumer Price Index has risen, according to new data from the Australian Bureau of Statistics, which means inflation is back on the agenda yet again. With Inflation comes added cost of living to average Australian’s who are also under pressure from the Reserve Bank and their hikes on interest rates. To make sense of …

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Could recession be around the corner

The Wire / By The Wire

Some economists have been looking at the conditions that signal a recession could be looming. The much anticipated Reserve bank decision on Interest rates settled on a pause yesterday leaving rates at 4.1%. This put the spotlight on the economy and the better than expected inflation figures a few weeks ago. The question is whether …

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