Insurance premiums and cost of living is rising.
Cost increases in food and petrol is driving up the cost of living.
#Food #Retail #HeiseSays Food is getting more expensive. References Food prices rising at Coles and Woolworths as competition easeshttps://www.afr.com/companies/retail/food-prices-rising-at-coles-and-woolworths-as-competition-eases-20191105-p537i0?fbclid=IwAR1EqLuUXC27V-voZEnM97TsJxZ6HwzVYltCA7-flI6shyjWH0erWaZiuHQ
#CPI #Living #HeiseSays Cost of living is increasing. References Inflation edges up taking some heat off the RBA to cut interest rates https://www.abc.net.au/news/2019-10-30/inflation-edges-up-taking-some-heat-off-rba-to-raise-rates/11652388?section=business
#Wages #Economy #HeiseSays Wage growth has plunged and the RBA is at a loss to explain why. References Wages growth in Australia: The truth about this viral graph https://www.news.com.au/finance/economy/australian-economy/wages-growth-in-australia-the-truth-about-this-viral-graph/news-story/d75327cfb07c8a961b3688873397bb17
#Taxation #Economy #HeiseSays Increasing the day to day cost of living….smart! References https://www.news.com.au/finance/work/leaders/calls-to-expand-the-gst-are-shot-down-by-the-prime-minister/news-story/fb3090047d7acc2266270ca3d0e92115
#CashBan #Australia #Money The ABC and SBS are finally reporting about the proposed cash transaction ban, 8 day’s after the due date for submissions to the treasury. What is the point? References Currency (Restrictions on the Use of Cash) Bill 2019 https://www.treasury.gov.au/consultation/c2019-t395788 Paying more than $10,000 in cash could make you a criminal under proposed […]
#Education #Economy #Recession The Government dominated sectors of Healthcare and Education are driving up our costs of living. Are subsidies or competition the solution? References Families feel squeeze as healthcare, education costs outpace inflation https://www.theage.com.au/politics/federal/families-feel-squeeze-as-healthcare-education-costs-outpace-inflation-20190819-p52ihv.html
Unemployment #Recession #Retail JB Hi-Fi has bucked the trend and avoided the impact of the retail recession. A turn-around or simply a result of their product brand a people naively spending a tax-cut like a handout? References JB Hi-Fi announces strong profit, despite bleak retail conditions https://www.abc.net.au/news/2019-08-12/jb-hi-fi-results-profit-tough-retail-sector/11404608?section=business
#Unemployment #Recession #Economy Market Economists are predicting Australia’s Unemployment rate will rise late this week. That would seem to align with the recent news about the retail recession that is underway. References Wage and unemployment numbers set to pressure RBA to cut interest rates again https://www.abc.net.au/news/2019-08-11/interest-rates-under-pressure-again-from-wage-jobs-figures/11398864?section=business Roy Morgan Employment Estimates (1999-2019) https://www.roymorgan.com/morganpoll/unemployment/estimates-detailed