New projects have dropped as prices rise. It’s up to infrastructure developers to find a way through.
The rising cost of steel, concrete, labour and other inputs is a major headache for infrastructure owners, who are taking longer to sign off on new projects and paying dearly for their delays.
Fresh from the Reserve Bank of Australia’s fifth interest rate rise this year, infrastructure developers say rising costs are crippling some investment and adding to an inflation cycle for projects that are going ahead.
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The CEOs of two of the nation’s largest banks say less government spending will reduce inflationary pressure.
The consumer price index rose more than expected in October, raising alarm among Federal Reserve officials.
Thinktank Niesr says timid rate rise last week likely to make inflation more persistent feature of UK economy
Wall Street hit the brakes as higher-than-expected inflation looks to have cemented a December rate hike, while the ASX is priced to slide as well. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
US stocks are falling after a report showed inflation was worse across the country last month than economists expected.
Gasoline prices fell below $4 a gallon Tuesday for the first time in three months — but the overall cost of living remains stubbornly high.
