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Australia's Inflation Accelerates On Rising Food Prices

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http://www.bbc.co.uk/news/business-14303483

Australia's consumer prices rose more than forecast in the second quarter as high cost of food and fuel put pressure on inflation.

Prices rose by 3.6% in the three months to the end of June from the same period last year, latest data showed.

Food prices have been rising due to the devastation caused by floods and cyclones earlier this year.

The Australian dollar hit a record high against the US dollar on concerns that central bank will raise interest rates.

"It's a nasty looking number," said Michael Blythe of Commonwealth Bank of Australia.

He should try looking at the UK inflation figure then.

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If inflation persists Australia is in a position to simply raise interest rates further.

Decisions British leaders have taken in the past, mean Britain is not in such a fortunate position.

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If inflation persists Australia is in a position to simply raise interest rates further.

Decisions British leaders have taken in the past, mean Britain is not in such a fortunate position.

Not really, they are up to their necks in mortgage and personal debt too. Post 2000 buyers are already feeling very squeezed, squeak little pips, squeak.

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I doubt they will raise rates next weak since the retail sector has been so slow and with the jitters in Europe and the USA but i would welcome another rate rise - squeeze the people even more so they are further opposed to Gillards insane carbon tax.This Labor government has to be the worst administration in the history of Australian politics.

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My friends are paying an A$ mortgage whilst working in the UK.

Their mortgage ir has gone up to 9% and their pay in the UK, as Doctors, is now less than a senior nurses pay is in Australia due to the exchange rate.

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My friends are paying an A$ mortgage whilst working in the UK.

Their mortgage ir has gone up to 9% and their pay in the UK, as Doctors, is now less than a senior nurses pay is in Australia due to the exchange rate.

They couldn't get work in Australia as doctors?

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They couldn't get work in Australia as doctors?

Wife is English, came over for a few years to start a family near her parents in London

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....This Labor government has to be the worst administration in the history of Australian politics.

..we had a similar problem here until recently and they were bubble blowers ....it's the people who follow them in who will see the true extent of the damage...just like UK..... :rolleyes:

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Australia's inflation seems a far different sort than the United Kingdom's. In Australia you have an expansion of the money supply with the loans going to massive investment projects, and for housing development. You also have fast rising real wages. Wages rising faster than the inflation of level of 3%. If the inflation persists its just a matter of increasing the rates.

Some may fall behind on their housing debts, but it tends to get smoothed over if wages and opportunity is rising.

In the UK inflation seems to be because the rentiers are increasing their rents on the rest of the populace. Using their legal positions in society to increase the amount of national wealth going to them. The money supply is not expanding. And wages are stagnant or on the decline. Yet we still have 4% inflation.

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..we had a similar problem here until recently and they were bubble blowers ....it's the people who follow them in who will see the true extent of the damage...just like UK..... :rolleyes:

Labor announced another possible new tax today , a 'Congestion Tax'.

Is their goal to never be elected again??

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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