The Economy

Commonwealth Bank economist John Peters says the spike in unemployment to 6.4 per cent in January 2015 had toned down ...

Wage growth plumbs new record lows

Wage growth has slipped to a new record low, with private sector wages climbing just 1.98 per cent in the year to June, well below the rates of 3 per cent or more recorded from the end of the global financial crisis to 2013.

The RBA said that risks associated with rising household sector leverage and rapid gains in housing prices had diminished.

RBA strategy has been hit and miss

Australia's central bank said inflation would remain low and the economy could grow faster, while house-price concerns had cooled, in explaining its decision to cut interest rates for the second time in four months.

Australia is one of 56 economies where the old will outnumber the young.

When Australia joins the granny nations

It's known as the historic reversal, and it appears irreversible: Places where the old outnumber kids. What began in 1995 in a single country, Italy, will spread to 56 nations - and Australia is one of them.

Consumer sentiment rose by 2 per cent in August from July, when it fell 3 per cent.

Consumer confidence gets modest boost from rate cut

A measure of Australian consumer sentiment bounced in August after a couple of soft months, likely aided by a cut in domestic interest rates to record lows that was warmly welcomed by those with housing debt.

Food prices were up 3.3 per cent in July, compared with a 4.6 per cent gain in the previous month.

China consumer inflation cools

China's consumer price inflation accelerated at its weakest pace in six months as food prices rose at a slower pace, although the long decline in upstream prices continued to moderate.