Cost of Living

Meanwhile, federal Treasurer Jim Chalmers has said the drop in annual inflation occurred under Labor.

An expert said the Greens’ call was unfair to the many Australians who did not go to university and whose taxes are paying for these degrees.

A reduction in royalties and a $96 billion infrastructure pipeline means more government borrowing will be needed.

Jim Chalmers says the May 14 budget will place a ’real emphasis on economic security' amidst multiple concerns about the global economy.

The Australian Food and Grocery Council said local producers were under pressure from declining profit margin and capital investment and product offshoring.

$20 million of taxpayer funds will be allocated towards the initiative.

‘We did not hold any site without a plan to develop it. That would not give us the right return on investment,’ said Woolworths CEO.

Woolworths has denied the claim, saying their growth is driven by consumer demand.

Chocolate consumption has also risen in the past five years.

The supermarket chain raises concerns over new competition laws in Australia.

Commbank data showed that millennials accounted for 46 percent of the bank’s new property investors last year.

In capital cities which have a greater demand for rental accommodation, prices have risen exponentially—outpacing wage growth.

Building more generation capacity is going to impose significant costs on consumers, and nuclear is not the answer, Alinta Energy CEO Jeff Dimery says.

This comes amid a decline in companies’ trust in the government due to new policies and economic uncertainty.

Australia is 18 months from the last possible date for the next federal election, so expect a lot more blame-shifting, but hopefully none as absurd as this one.

‘We’ve been calling for a mandatory code into supermarkets for a very long time,’ said Shadow Infrastructure Minister Bridget McKenzie.

Australia’s two largest supermarket chains have been blamed for putting pressure on suppliers to lower costs.

The move comes as Qantas continue to rebuild trust with its customers after a series of run-ins with regulators.