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Inflation has slowed, but prices remain 20% higher than pre-pandemic levels, meaning the "cost of living crisis" will continue for many Australians until wages catch up to the new price level. This will require sustained wage growth exceeding inflation, a process that could take years according to the RBA.

Labor's fate in the upcoming election hinges on tomorrow's Reserve Bank interest rate decision, as rising mortgage rates squeeze a significant portion of voters, particularly in Melbourne and Perth. The party is investing resources in traditionally safe seats with high mortgage rates, but faces a tough battle to retain vulnerable seats and win new ones.

Star Entertainment, facing severe financial difficulties, could be placed under administration as early as Wednesday due to insufficient funds and the absence of a refinancing deal. The company's future remains uncertain as various parties, including potential buyers and creditors, await the outcome of the administration process.

The electrical sector in Australia is facing a critical shortage of skilled workers, jeopardizing the nation's ability to meet its ambitious housing and emissions reduction targets. This shortfall is attributed to a lack of access to vocational training, which is crucial for developing a skilled electrical workforce.

whether to cut interest rates in the face of falling inflation but a persistently strong jobs market. The newly released inflation figures for the December quarter will play a key role in their deliberations, as they represent the last major economic update before the February 18th meeting, one of only two before the May federal election.