Can You Help?

This website is in imminent danger of being shut down. It has been online since 1995, but the personal circumstances of the owner, Malcolm Farnsworth, are such that economies have to be made. Server costs and suchlike have become prohibitive. At the urging of people online, I have agreed to see if Patreon provides a solution. More information is available at the Patreon website. If you are able to contribute even $1.00/month to keep the site running, please click the Patreon button below.


Become a Patron!


Inflation Up Slightly; Hockey Blames Carbon Tax

Jan 22, 2014

Inflation edged up slightly in the December quarter and Treasurer Joe Hockey says it’s the fault of the carbon tax.

HockeyThe December quarter rise in the Consumer Price Index was 0.8%. Headline inflation was 2.7% through the year, up from 2.2% in the September quarter.

Treasurer Joe Hockey said: “The inflation rate continues to be impacted by Labor’s Carbon Tax.” He said electricity prices have increased by 22.5% since the introduction of the tax in July 2012. He called on Labor senators to pass the carbon tax repeal legislation when Parliament meets again in February.

Hockey also commented on new figures from the International Monetary Fund which project that global economic growth will increase from 3% in 2013 to 3.7% in 2014. He said: “The IMF underscores the importance of managing vulnerabilities, notwithstanding the expected strengthening in global economic activity.”

Media release from Treasurer Joe Hockey.

Consumer Price Index – December Quarter 2013

Today’s release of the Consumer Price Index (CPI) for the December Quarter shows that inflation is slightly above the middle of the Reserve Bank of Australia’s target band. [Read more…]

Filed Under: Abbott, Economy Tagged With: , , , ,

Swan Continues Attacks On Campbell Newman Cuts

Jan 24, 2013

For the second day running, Treasurer Wayne Swan has focussed on Queensland government budget cuts and their effect on unemployment and the national economy.

Swan

At a Brisbane media conference, Swan quoted from Queensland Budget papers which itemised $3 billion worth of cuts to health funding and 2,754 full-time job losses. [Read more…]

Filed Under: Audio, Economy, Gillard, Health, Qld Tagged With: , , , ,

Latest CPI Figures Show Lower Inflation

Apr 24, 2012

Inflation increased by a negligible 0.1 per cent in the first quarter of 2012.

In the year to March, there was a 1.6 percent increase in prices. The underlying inflation rate was 2.1 per cent.

The low Consumer Price Index figure has surprised some commentators. The Reserve Bank is now being widely tipped to lower interest rates next week. [Read more…]

Filed Under: Audio, Economy, Gillard Tagged With: ,

Wayne Swan Media Conference on Floods and CPI

Jan 25, 2011

Treasurer Wayne Swan held a doorstop press conference today to comment on the release of the latest Consumer Price Index figures.

Swan also talked about the impact on the federal budget of the floods. [Read more…]

Filed Under: Audio, Budget, Economy, Gillard, Infrastructure Tagged With: , ,
Next Page »