Annual CPI inflation increased to 5.1 per cent in the March quarter, mainly due to higher dwelling construction costs and automotive fuel prices. abs.gov.au
Following this inflation rise, there are some who want to see an equal rise in wages, to compensate for these … Read the rest
Labor Leader Anthony Albanese:
“The cost of living is increasing, but pay isn’t keeping up.”
“A Labor government will focus on lifting pay and profits and creating even more jobs by making our economy more productive.”
That sounds like great news:
This comparison of the Australian Inflation Rate, against other countries, shows how Australia managed to keep inflation lower than others, over the last year.
Over the twelve months to the … Read the rest
Monthly CPI indicator showing the Australian annual inflation change at the end of each month.
Jan-21 0.4%
Feb-21 1.1%
Mar-21 0.8%
Apr-21 2.5%
May-21 3.3%
Jun-21 3.5%
Jul-21 2.1%
Aug-21 2.5%
Sep-21 3.1%
Oct-21 3.0%
Nov-21 3.1%
Dec-21 3.4%
Jan-20 2.7%
Feb-20 … Read the rest
GDP per capita in China is expected to reach 8,840.00 USD by the end of 2021..
The Gross Domestic Product per capita in the United States was last recorded at 53,748.97 US dollars in 2020.
The Gross Domestic Product per capita in … Read the rest
Many countries specialise in certain products or groups of products, this can create a situation of dependency on, or for, some countries.
China – which imports 60 per cent of its iron ore from Australia – is looking at sourcing … Read the rest
Australian coal exports comprise two varieties: Thermal coal, which is burnt for electricity, and Metallurgical coal, which is used for making steel and iron ore.
Thermal Coal Exports were worth $22.7 billion in 2019, with almost $4 billion going to China.
Metallurgical Coal Exports were worth $41.2 billion in 2019, … Read the rest
During the parliamentary debate about the $130 billion JobKeeper legislation, Anthony Albanese said:
“We are headed for a trillion-dollar debt. It is a bill that will saddle a generation.”
It is actually similar to another debt in the past, although much smaller.
The highest level of government debt that Australia … Read the rest
Western Australia has gone 146 days now with no community transmission cases.
Western Australia Premier, Mark McGowan, has made the following statements:
Forecasts show Western Australia has the most positive economic outlook of all states.
We are the state going forward most quickly.
For 2019-20, Western Australia has the only … Read the rest
The change in the Chinese Australian relationship in 2020.
Only 23% of Australians now trust China to act responsibly in the world. This is down from 52% in 2018.
Those figures are from the annual Lowy Institute Poll, which tracks Australian views on foreign policy. They also state that confidence … Read the rest
