Emilia Terzon

Michael Hampson estimates rising diesel and plastics prices have increased Norco's costs by about $1.6 million per month. ABC News: Glenn Mullane

Woolworths has warned its profit is going to be hurt by surging inflation, sending the share price of the Australian supermarket giant tumbling.

The boss of Australia's biggest supermarket is warning of price hikes on everyday items from fruit and veg to milk and bread.

One of Australia's biggest dairy manufacturers, Bega, is warning about soaring food inflation, as the war in the Middle East disrupts global supply chains.

A leading economist is forecasting home prices could fall around 5 per cent as the government's tax changes and rising interest rates drive investors out of the market.

Thu 21 May 2026 at 7:40am

Coles is looking into a Melbourne mother's complaint about faulty Apple gift cards worth $2,000.

Oil prices have dropped again as investors hope for peace in the Middle East and an end to the global energy shock. Follow the day's events and insights as they happen with our business reporters on the ABC News live markets blog.

Fri 29 May 2026 at 4:45am In short: KPMG Australia CEO Andrew Yates has quit amid a scandal involving audit partners accessing confidential client documents.

Thu 28 May 2026 at 11:45pm Auction clearance rates are now at levels last seen during the 2022 housing downturn, according to Domain.