This note looks at the evolution of inflation over the last term of government, failures of wage growth to keep up with inflation, and what the major parties proposed in the 2025 federal election campaign to alleviate cost-of-living pressures. It suggests that structural changes are needed to provide long-term relief and to protect consumers from...

This report considers why wages growth in Australia has been so low over recent years, despite a tight labour market and a brief surge in inflation. It documents how workers have lost power in the past two decades, with most changes in the economy and many in government policy taking away workers’ bargaining power, although...

This paper examines the correlation between minimum wage increases and inflation going back to 1990 and finds no consistent link between minimum wage increases and inflation. It reveals a fair and appropriate increase to the minimum wage and accompanying increases to award rates would not have a significant effect on inflation.

The report assesses the global economic situation finding the global economy remained resilient in 2024. The report outlines recent developments, projections, risks and challenges, and policy requirements. It finds that inflationary pressures continue to linger in many economies and further fragmentation of the global economy is a key concern.

The report finds direct connections between the climate crisis and rising cost-of-living pressures. It posits that failure to lower emissions now will only aggravate the crisis, with each moment of inaction compounding the pressure on households. Three key areas are identified where the climate crisis is directly driving up costs: insurance, food and energy.