The Reserve Bank doesn't want consumer prices to come down, but to rise more slowly. It's a common misunderstanding that the ABS is partly responsible for.
Shoppers are set to tighten their wallets even further as fresh figures reveal confidence in the economy has plunged to its lowest level since the early 1990s recession.
Key indicator dropped about 20% after the Reserve Bank last month announced the highest interest rates since 2011 Get our breaking news email , free app or daily news podcast Australian households are the most persistently pessimistic they have been since the early-1990s recession, after a fourth…
Consumer confidence has taken another dive as households digest the financial consequences of another interest rate rise that will add even more to their monthly mortgage repayments.
