AustraliaEconomy

The RBA warns of two years of financial strain as rising fuel prices drive inflation, impacting groceries, construction, and household budgets across Australia.

RBA Governor Michele Bullock defends the hike to 4.35%, warning that the Iran war and oil shocks have "complicated" the inflation fight and increased recession risks.

Australian household spending went up by 1.6% in March, marking an acceleration from the modest gains seen at the start of the year.

New Zealand's annual inflation rate held firm at 3.1% for the March quarter, according to the latest consumer price index data released by Stats NZ.

Australia's unemployment rate held steady at 4.3% in March 2026, according to the Australian Bureau of Statistics.

IMF warns of a potential third global recession this century as Middle East conflict threatens oil supplies.

Australian household spending maintained its upward trajectory in February, climbing 0.3%.

The Australian automotive landscape witnessed a historic pivot in March as electric vehicle sales surged to record heights

New Zealand's official unemployment has hit a decade-high of 5.4% in late 2025.

Australia's trade balance more than doubled in February, soaring by $3.43 billion to reach a seasonally adjusted surplus of $5.67 billion.