The Latest Breaking News from ABS

What’s inflation – and how exactly do we measure it?

If the price of a cup of coffee goes up, coffee drinkers are worse off if their income doesn’t increase by at least the same amount – they have less money to spend on other things.

The Conversation · Jul 31, 2024

Inflation rises to 3.8% amid hopes the RBA will hold off hiking interest rates again

Australia’s consumer price index rose in the June quarter in line with economists’ forecasts

The Guardian - AU · Jul 31, 2024

Housing approvals fall to lowest level in 12 years despite Labor’s pledge of 1.2m new homes

Approved dwellings drop 6.5% in June amid high interest rates and building costs as CoreLogic rues ‘dismal result’

The Guardian - AU · Jul 30, 2024

There’s a yawning Coalition credibility gap on the cost of renewables and nuclear

Peter Dutton says renewable energy is too expensive – and unveils a plan to switch to nuclear, which the CSIRO says will cost 50% more than wind or solar

The Guardian - AU · Jun 20, 2024

Households are hurting. Savings are weak. The future’s uncertain. Is a rate cut near?

While some like to suggest another hike is needed, the RBA is not so quick to dismiss the pain the economy is already feeling

The Guardian - AU · Jun 19, 2024

‘There’s 20% more methane than they thought’: new data confirms Australia has been undercounting cattle

The Australian Bureau of Statistics updated its methodology and says there are 4 million more cattle than previously estimated

The Guardian - AU · Jun 17, 2024

Australia’s unemployment rate dips to 4% as economy adds 40,000 new jobs

Jobless rate eases as employers shrug off rising costs to keep adding to their workforces

The Guardian - AU · Jun 13, 2024

Jobs market put to test in sluggish economy

Economists expect another relatively robust jobs report for the month of May even as higher interest rates knock the economy around.

AAP · Jun 9, 2024

Taylor Swift, Pink and Australian Grand Prix boosted national economic activity in March quarter

ABS says spending for the period would have been lower for clothing, merchandise and dining if not for Eras tour

The Guardian - AU · Jun 5, 2024

'We have a plan': state reacts to housing crisis outcry

A real estate body has called on authorities to provide an accountable delivery plan, describing the Queensland's housing crisis as "woeful".

AAP · Jun 4, 2024