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The Latest Breaking News from ABS

Expectations grow for interest rate hike next week after Australia’s inflation jumps to 3.8%

Rapidly rising consumer prices led to annual inflation growing from 3.4% to 3.8% in the year to December

The Guardian - AU

Gen Xers the new baby boomers: analysis identifies Australia’s richest landholders by generation

Those born between 1965 and 1980 own an average of $1.455m in housing and land, KPMG report finds

The Guardian - AU

Oasis tour tunes up economy but clouds rate cut hopes

Britpop giant Oasis and Black Friday bargains have helped bring Australia's economy back in tune, adding to the case against Reserve Bank rate cuts.

AAP

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RBA official's advice to borrowers over inflation data

Mortgage holders have been warned not to expect relief anytime soon with the latest inflation figures unlikely to significantly influence the RBA's thinking.

AAP

Inflation cooled more than expected in November. But rate cuts remain unlikely anytime soon

Annual inflation cooled in November.

The Conversation

Illegal tobacco is messing up economic data. That won’t stop until it’s managed like alcohol

Most Australians have probably noticed the proliferation of tobacconists and “convenience stores” in the last few years. These stores aren’t making much from the limited offerings on public display. Rather, their profitability comes from under-the-counter sales of untaxed tobacco and illegal vapes.

The Conversation

There are two big drivers of Australia’s economic growth – but shape matters as much as size

Income from rooftop solar panels and investment in data centres are helping to power the economy, which leads us to the question: is all growth good?

The Guardian - AU

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Australian economy crawls back into growth mode thanks to datacentre boom and household spending uptick

Analysts say national accounts figures show how far the economy has come, with annual GDP growth hitting 2.1% compared to 0.8% this time last year

The Guardian - AU

Is Australia in a youth crime crisis? Here’s what the numbers say

Youth crime is never far from the public consciousness, but Victorian Premier Jacinta Allan’s announcement of “adult time for violent crime” has brought the issue back into sharp focus.

The Conversation

Inflation surges as energy rebates run out of gas

Lower energy rebates and higher housing costs than a year ago have propelled the headline inflation rate to its highest level in 16 months.

AAP

Property investors make up two in every five Australian home loans amid record borrowing

Investor home borrowing surges nearly 18% in the September quarter compared with previous three months, prompting calls to ‘urgently rein in overheated credit market’

The Guardian - AU

Illicit cigarettes surge clouds modest spending lift

A 0.2 per cent rise in household spending in September would have been twice as strong if not for a fall in legal tobacco sales, according to official figures.

AAP

Head of ABS defends debunking far-right ‘mass migration’ claims after censorship accusations

Chief statistician David Gruen says bureau did not censor anyone and is ‘trying to take the side of truth’ after misuse of overseas arrivals figures

The Guardian - AU

Interest rate decision to dominate economic agenda

Mortgage holders are unlikely to get a leg up from the Reserve Bank this week, with markets and analysts predicting the cash rate to remain on hold on Tuesday.

AAP

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The Guardian - AU

Nobody wanted to say ‘mission accomplished’ on inflation – certainly not Jim Chalmers. But he was surely thinking it

Economists are revising their rate cut predictions after the latest ABS figures revealed inflation is trending back up

Sports Illustrated

Robot Umps Are Coming to MLB: Here's Everything You Need to Know

Starting in 2026, teams will be able to challenge balls and strikes. Here's a complete breakdown of how the new system will work.

The Guardian - AU

Labor’s Measuring What Matters is a worthy goal – but one that has utterly failed to live up to its promise

The wellbeing framework has become little more than a data dump – but at least it highlights how little stock we should put in productivity figures

The Guardian - AU

Healthy, safe and getting along with each other: Australia attempts to look beyond GDP to measure what matters

The Measuring What Matters wellbeing report shows increased concern over security and access to healthcare and a stalling in Australia’s emissions reduction

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The Guardian - AU

Data missing on two of nation’s ‘biggest issues’ as Australian Bureau of Statistics fumbles key survey

Economics expert criticises last-minute cancellation of report that would shed light on cost-of-living and housing crises

The Conversation

Latest data suggests Australia is overcoming its sugar addiction

Australia is now meeting the World Health Organization’s (WHO) guidelines on sugar, which recommend keeping sugar below 10% of daily energy intake.

The Conversation

1 in 8 households don’t have the money to buy enough food

Around one in eight (1.3 million) Australian households experienced food insecurity in 2023. This means they didn’t always have enough money to buy the amount or quality of food they needed for an active and healthy life.

AAP

Softies take a hit as nation sours on sweetened drinks

Health organisations say data revealing fewer Aussies are drinking sweetened drinks is encouraging, but more work is needed to incentivise healthy choices.

AAP

'Shameful': state takes out crime hotspot title again

A domestic violence prevention advocate hopes reforms will help make an impact as one state retains its unwanted title as Australia's hotbed of crime.

The Guardian - AU

LNP concedes Queensland’s crime rate fell in Labor’s final year despite ‘youth crime crisis’ campaign

Youth justice minister acknowledges ‘small decrease of 2.25%’ in 2024 but has not stated LNP’s crime reduction target for 2025

The Guardian - AU

Anti-immigration protesters say Australia’s migration is at record highs – but the figures tell a different story

Latest net overseas migration figures are down 37% from recent peak, with experts pointing to misunderstanding of arrivals data

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