Latest Economic Updates
Stay informed about Australia's economic health with our regular updates on key indicators. Understanding these metrics is crucial for making informed financial decisions and growing your financial skills.
Inflation Rate
Current inflation rate: 3.0% (as of last quarter)
The inflation rate measures the increase in prices of goods and services over time. A moderate inflation rate is generally considered healthy for the economy, but high inflation can erode purchasing power.
Unemployment Rate
Current unemployment rate: 5.2%
The unemployment rate indicates the percentage of the labor force that is unemployed but actively seeking employment. A lower rate generally signifies a stronger economy.
GDP Growth
Annual GDP growth rate: 2.7%
Gross Domestic Product (GDP) growth measures the increase in the size of a country's economy. A positive growth rate indicates economic expansion.