With $2.50 coffees and $13 pizzas, is this Australia’s cheapest Italian restaurant? Cafe Perri, located opposite Carnegie station in southeast Melbourne, caused a stir online this week after a photo of its menu went viral on Reddit. Highlights from the classic Italian menu include $11 for a Napoletana pizza, $9Continue Reading
Aussies are eating less fruit and vegetables and consuming less milk in a surprising twist in the nation’s dietary trends, which has been attributed to rising prices at the checkout. New data from the Australian Bureau of Statistics (ABS) has revealed Aussies bought about 3.9 per cent less food inContinue Reading
Aldi has been crowned Supermarket of the Year for 2023 in one of the country’s leading customer satisfaction awards. Market research group Roy Morgan named the grocery chain as the top supermarket for 2023 in their annual Customer Satisfaction Awards, beating other companies like Coles and Woolworths for the topContinue Reading
Inflation held steady last month, buoying hopes that the Reserve Bank can move to cut interest rates this year. Consumer prices rose 3.4 per cent in February from a year earlier, the Australian Bureau of Statistics said on Wednesday, slightly below economists’ expectations of a 3.5 per cent increase. However,Continue Reading
More help for Aussie households being crushed by the rising cost of living is on the way, the government has said. On a victory lap after Labor retained its seat in the south Melbourne electorate of Dunkley on Saturday night, Education Minister Jason Clare said high living costs remain topContinue Reading
Reserve Bank governor Michele Bullock isn’t ready to cut interest rates just yet. But after the central bank’s aggressive campaign to quash demand and cool price pressures, delivering blow after blow to homeowners, the focus of economists and analysts has pivoted to the timing and speed of a rates reprieve.Continue Reading
Interest rates risk going even higher unless the Albanese government works with the states to get the nation’s multi-billion dollar spend on roads, rail and bridges in order, the International Monetary Fund has warned. In its annual Australian “Economic Health Check”, the fund said while Australia was likely to avoidContinue Reading
A review of Australia’s food and grocery code will be headed by former Labor minister Craig Emerson after the government was accused of dragging its feet on claims of profiteering by the major supermarkets. The review of the code, set to determine whether an overhaul was required to better improveContinue Reading
New research has revealed exactly how much money Australians need to make before they feel rich – and it’s no small sum. Financial comparison website finder.com.au conducted a survey that determined people would need a salary of $345,819 before they felt affluent. Unfortunately, that’s considerably more than the average personalContinue Reading
While the global economy is set to avoid a recession, the fallout from China’s toxic property sector and persistently high interest rates point to an increasingly grim outlook for the Australian economy, the International Monetary Fund (IMF) has warned. In its latest World Economic Outlook released on Tuesday, the IMFContinue Reading