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Smurf1976

Oz Inflation Rate Hits 3%

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http://www.abc.net.au/worldtoday/content/2006/s1624219.htm

So now what were the key drivers for this rise in prices?

STEPHEN LONG: It's not a good time to be a sick vegetarian student at the moment, because healthcare costs, food costs, in particular fresh vegetables, and fees for schooling and education have soared.

We saw pharmaceuticals go up by a whopping 14 per cent plus in the quarter.

The key point here is not that inflation has reached a level that's putting pressure on the RBA to raise rates, but rather it is WHY it has reached that level.

No longer is inflation being driven by oil/petrol or prices for highly volatile items. It seems to be filtering through the economy now (as expected). That it has reached an almost completely domestic industry (in terms of cost inputs) - education - is a pretty strong warning that inflation is becomming ingrained throughout the economy. The inflation rust is setting in and the paint is bubbling all over the car. That's FAR worse than simply one dud panel (oil prices) no matter how bad that one panel may be. The trend towards higher interest rates is global and not likely to end soon.

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It's not a good time to be a sick vegetarian student at the moment, because healthcare costs, food costs, in particular fresh vegetables, and fees for schooling and education have soared.

Strangely enough, our inflation fell because food prices fell. I wonder what the difference is?

Peter.

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Australians don't eat enough cheese.

Don't worry, it can't happen here. Inflation will stay low even though the price of everything is going up.

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Strangely enough, our inflation fell because food prices fell. I wonder what the difference is?

Peter.

A Cat 5 Cyclone hitting the Atherton Tablelands might be one factor. A lot of fruit and veg. comes from around there.

Bananas in particular doubled overnight, and are expected to stay high for a couple of years unless the import quarantine restrictions are lifted to allow in Phillipines product.

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Australians don't eat enough cheese.

Don't worry, it can't happen here. Inflation will stay low even though the price of everything is going up.

Don't Australians buy DVD players? It seems the CPI is based wholly on tat from the Far East!

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Don't Australians buy DVD players? It seems the CPI is based wholly on tat from the Far East!

If they want to control inflation, surely they'd be better eating DVD players?

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Good thing there is no school fee inflation in the Miracle Economy:

http://scotlandonsunday.scotsman.com/educa...fm?id=219972005

School fee rises to bust inflation yet again
FIONA MACGREGOR
PARENTS of children at Scotland’s independent schools have been warned that another inflation-busting rise in fees is on the way, raising fears that the sector is becoming increasingly exclusive.
The latest fee hike, predicted to be between 5% and 7%, will mean the average cost of sending a child to private school is now 30% to 40% higher than it was four years ago while average salaries have gone up by just 15% over the same period.

:lol:

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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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