Welcome back to our Weekly Digest. Read on for the latest updates and some ideas to help us all move forward.
First Labor PM in nearly a decade vows to bring Australians together, and “promote unity and optimism, not fear and division.”
The stock market was down again last week, taking a cue from Wall Street. Retail stocks were in a tailspin.
Australian wages are expected to take anywhere from 9 to 14 years to catch up with rise in inflation, says a forecast from RBA.
With migration levels down due to the pandemic, labour shortages are one of the leading challenges for Australian businesses.
Energy retailers are set to announce up to 130 per cent price hikes amid rising costs of living.
Petrol prices have risen as high as they were before the tax cut, erasing the joy of the price break experienced last month.
The rate dropped slightly to 3.9% this month. However, reduced working hours due to flooding and sickness leave due to the omicron variant meant the number of jobs added to the economy did not significantly change.
Commonwealth Bank has paused its launch of cryptocurrency trading through its app amid turmoil and uncertainty in the market.
The practice of cutting packaging sizes in order to pass rising costs onto the consumer isn’t new. Smaller packages of popular food items being sold at the same prices as before the change have been noted across Australia.
In the face of inflation, many Australians are cutting their subscription streaming services in what’s being called “the Great Cancellation.”
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