Headline inflation has eased to an annual rate of 4 per cent in May, down from 4.2 per cent in April, according to the latest ABS data.
The better-than-predicted figure comes after sharp falls in petrol and diesel prices.
The Australian share market has started its day higher despite a major sell-off across US tech, AI and semiconductor stocks which has resulted in steep losses on Wall Street. Follow live.
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Live: Headline inflation eases more than expected but RBA rate hike risk remains
via abc.net.au
-
Matt Wright sued for negligence after airboat allegedly crashed into tree
via abc.net.au
A man who says he suffered a "psychiatric injury" after witnessing injuries sustained by his wife in a 2023 airboat crash is suing tour operator and Netflix star Matt Wright for negligence. -
Vale Mr Walker
One of the Pilbara's most respected Aboriginal elders has died, leaving behind a remarkable legacy of native title rights, economic progress, and cultural rediscovery. -
WA's top foundations in $580m giving year
There has been a shake-up on the list of the state's biggest foundations amid a boom in philanthropic giving. -
WA’s mining wealth changing, report says
Researchers have estimated the resources sector's contribution to WA at almost $200 billion a year, but warns of the risks of relying too much on the industry. -
Bird flu prompts Papua New Guinea to ban Australian chicken and egg imports
via abc.net.au
Australia's largest chicken meat buyer, Papua New Guinea, suspends Australian poultry and egg imports due to the H5N1 bird flu outbreak, even though Australian authorities say there is no evidence the virus has spread. -
Laurence Escalante amends bail for Sydney trip
VGW founder Laurence Escalante has succeeded in changing his bail arrangements, to accommodate a Sydney trip next month. -
Underlying inflation rises despite fuel price fall
Despite a fall in headline inflation, a larger-than-expected rise in the underlying figure to 3.6 per cent will concern the Reserve Bank. -
Headline inflation down, but underlying inflation highest since 2024
via abc.net.au
Underlying inflation allows economists to look beneath the daily noise of random price movements to see what the economy's broader inflationary pressures are looking like. -
Breaking: Headline inflation down, but underlying inflation highest since 2024
via abc.net.au
Underlying inflation allows economists to look beneath the daily noise of random price movements to see what the economy's broader inflationary pressures are looking like. -
Qantas A380 to be inspected urgently after cracks found
via abc.net.au
Airbus says it will inspect 16 A380 planes, including one Qantas plane, after cracks were found in a key wing component. -
Broome non-profit Morrgul's tips for giving Indigenous business a chance
Non-profit business development agency Morrgul has a wealth of data to prove its mantra that education and employment are the best ways to lift people out of poverty. -
Origin 'named and shamed' for failing to pass on lower electricity prices
via abc.net.au
Treasurer David Janetzki says Origin "appears not to be doing the right thing" by increasing prices in regions where price drops were predicted. -
Albany wharf upgrade gives Qube exposure to WA grains industry
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Labor tax change deal angers super funds, business
A government handshake with the Greens over the treatment of self-managed super funds has riled the finance industry, as Labor looks to counter the rise of One Nation -
Victorian taxi drivers face punishment for refusing short trips
via abc.net.au
The government is expanding its "two strikes and you're out" rules to include drivers who refuse to take passengers with assistance dogs or who knock back short trips. -
Wall Street ends lower as AI spending concerns mount
The Nasdaq and the S&P 500 have closed at more than one-week lows, dragged down by sharp losses in semiconductor stocks as investors scrutinised growing debt-funded AI spending. -
Major construction company hit by alleged multi-million-dollar insider fraud
via abc.net.au
Queensland police have uncovered an alleged industrial espionage operation that caused major construction company Shadforth's confidential data to be leaked to competitors. -
Construction company hit by alleged multi-million-dollar insider fraud
via abc.net.au
Queensland police have uncovered an alleged industrial espionage operation that caused major construction company Shadforth's confidential data to be leaked to competitors. -
Live: Inflation eases as fuel prices come down, ASX higher
via abc.net.au
Headline inflation has eased to an annual rate of 4 per cent in May, down from 4.2 per cent in April, according to the latest ABS data.
The better-than-predicted figure comes after sharp falls in petrol and diesel prices.
The Australian share market has started its day higher despite a major sell-off across US tech, AI and semiconductor stocks which has resulted in steep losses on Wall Street. Follow live. -
Live: ASX to rise ahead of inflation figures, despite Wall Street's tech sell-off
via abc.net.au
The Australian share market is expected to rise despite a major sell-off across US tech, AI and semiconductor stocks, which resulted in steep losses on Wall Street. The ABS will release its May inflation data, which will be impacted by sharp falls in petrol and diesel prices. Follow live. -
Live: ASX rises ahead of inflation figures despite Wall Street's tech sell-off
via abc.net.au
The Australian share market has started its day higher despite a major sell-off across US tech, AI and semiconductor stocks which resulted in steep losses on Wall Street. The ABS will release its May inflation data, which will be impacted by sharp falls in petrol and diesel prices. Follow live. -
Gold Coast company to launch rocket at 7 times the speed of sound
via abc.net.au
Hypersonic rockets will be used to test Defence and science equipment in extreme conditions. -
Half a billion litres of improperly treated sewage released into waterways
via abc.net.au
More than half a billion litres of improperly treated sewage were released into the state's waterways in the 2024 to 2025 financial year, including at popular swimming spots such as Launceston's Cataract Gorge. -
Concerns raised over improperly treated sewage near Tasmanian swimming holes
via abc.net.au
More than half a billion litres of improperly treated sewage were released into the state's waterways in the 2024 to 2025 financial year, including at popular swimming spots such as Launceston's Cataract Gorge. -
Why your power bill may rise despite the lower default market offer
via abc.net.au
Some electricity users have been hit with higher charges, despite all the talk of the lower default market offers. Retailers say a rebalancing of supply and usage charges is the cause, but there are signs some are clawing back profit by raising their cheapest plans. -
'Confusopoly' blamed as power bill messages befuddle consumers
via abc.net.au
Some electricity users have been hit with higher charges, despite all the talk of the lower default market offers. Retailers say a rebalancing of supply and usage charges is the cause, but there are signs some are clawing back profit by raising their cheapest plans. -
'Punched in the guts': Sacked academics take uni to Fair Work Commission
via abc.net.au
Two senior academics from Macquarie University allege they were targeted for redundancy because of their union activity. -
Self-managed super sector blindsided by Labor–Greens deal on tax package
via abc.net.au
A ban on self-managed super funds borrowing money to buy housing has blindsided the sector, which says Labor should instead target "unscrupulous" operators spruiking property as an investment. -
Zero-visibility swamp dive uncovers water pipeline failure in major city
via abc.net.au
A decades-old pipeline supplying water to nearly 1 million people in Papua New Guinea's capital is at risk of collapsing without urgent repairs, threatening to cut off more than half of the city's water supply.
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