Australia’s unemployment rate has increased to 3.7 per cent for July, up from 3.5 per cent in June.

Commonwealth Bank of Australia has matched this week's move from the Reserve Bank of Australia and raised its variable home loan rates.

Usually, when the latest economic figures come out, it’s more bad news for struggling Australians, but today some rare good news with inflation figures coming in much lower than anticipated.

There seems no doubt that the Reserve Bank of Australia will raise its cash rate again at Tuesday's monthly board meeting as it battles ballooning inflation - it's just a question of by how much.

The GP bulk-billing rate continues to rise month-on-month since introducing incentives for doctors.

The latest inflation data has come in hotter than expected and may stir the Reserve Bank into a Melbourne Cup Day rate hike.