Health
Deflation threat to recovery as prices crash at Depression rate – Sydney Morning Herald
Consumer prices have suffered their biggest quarterly drop since 1931 with fears they suggest the economy will struggle out of the coronavirus recession.
The biggest fall in consumer prices since the depths of the Great Depression in 1931 has prompted concerns the economy will struggle to escape the grips of the coronavirus pandemic and force the Reserve Bank to leave official interest rates at record lows for even longer.
The consumer price index fell by 1.9 per cent in the June quarter, the Australian Bureau of Statistics reported on Wednesday, pushed down by childcare costs (a drop of 95 per cent), petrol (a fall of 19.6 per cent) and rents (…
-
Noosa News21 hours agoHow Lily Steele-Park took her rapist to court and won
-
Business23 hours ago5 things to watch on the ASX 200 on Tuesday 8 July 2025
-
Noosa News21 hours agoE-biker charged with riding dangerously, assaulting cop
-
Business15 hours agoWhy Vault Minerals, Droneshield, Westgold Resources shares are climbing higher today