Unfortunately for many emerging economies, the reserves they hold are simply not enough to cover all of these demands – especially after energy prices soared when Russia invaded Ukraine.

"Unless you’re on a fixed-rate mortgage, the banks will likely follow the RBA’s lead and increase the interest rate on your variable home loan soon.

The price hikes have led to calls for supermarkets to impose price caps to ensure shoppers can still afford to feed their families healthy food.

Economists expect annual inflation could reach as high as five per cent compared with 3.5 per cent now.

High inflation numbers on Friday will be a sign of worry for the bulls and may push the prices south again for the equities market.

Speculations of an interest rate rise due to rising worries, the upcoming RBA meeting on Melbourne Cup day will be particularly important.

Australian shares showed signs of recovery on Friday and moved higher, the benchmark index posted its biggest weekly drop in 11 weeks. The three...

The Sydney Morning Herald/The Age has conducted a Scope Survey on a range of critical indicators over 2021 and 2022. The findings of this survey...