Econosights: Implications from Australia’s energy “crisis” | AMP Capital

Econosights: Implications from Australia’s energy “crisis” Key points Australian electricity and gas price increases will impact most consumers from 1 July 2022. We expect the increase in energy prices to add 1 percentage points to headline inflation. We now see headline inflation peaking at 7% in the September quarter and trimmed mean inflation peaking at 5.5% in the December quarter. There are no changes to our expectations for the cash rate from the lift in …

Remember to factor in parental subsidies at tax time

Remember to factor in parental subsidies at tax time While you’re sorting your income and expenditure at tax time, make sure you know what you’re entitled to as a parent, carer or grandparent. When the cost of raising kids is ever-increasing, every little bit helps and a bigger tax return is generally welcome. These days just sending a child to school comes with mounting costs, regardless of the type of school they go to. It’s …