Perhaps one of the reasons is the reduction in Supply.Crude is now at 78usd/barrel... that's almost 20% higher than what it was a few weeks ago. Any reason why? Any likelihood of it continuing higher?
Along with higher food prices, this is going to pave the way for MoM headline inflation to increase
Hmm Gentleman's Cafe, and the waitstaff, perhaps female topless!!A sign of rampant inflation?
Would you pay $16 bucks for a bucket of chips?
Must be awfully expensive sauce.
mick
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Ya need to get ya eyes tested, Farmer, it was the Cattlemans Cafe on Mt Buller.Hmm Gentleman's Cafe, and the waitstaff, perhaps female topless!!
Ouch, have put the spectacles on and you are so correct, Mick.Ya need to get ya eyes tested, Farmer, it was the Cattlemans Cafe on Mt Buller.
No Gentlemen there, I could vouch for that!
Mick
Recession fears subsiding. Remember this post:Crude is now at 78usd/barrel... that's almost 20% higher than what it was a few weeks ago. Any reason why? Any likelihood of it continuing higher?
Along with higher food prices, this is going to pave the way for MoM headline inflation to increase
Brent crude now nosediving too. There's your recession fear indicator, none of this yield curve inversion rubbish.
Petrol price at the local servo at Midland $1.67 a litre todayRecession fears subsiding. Remember this post:
No shortage of narrative about a "surprisingly soft landing" or words to that effect now. There's also been some more action in the ukraine war/black sea now too and markets are being quite responsive to that as well.
I think Mt Buller , ski resort , captive audience, is the expensive bit.Ouch, have put the spectacles on and you are so correct, Mick.
And obviously some sort of" sauce" is the expensive bit.
You would have thought that in this environment, services costs would start to fall due to competition.June quarter CPI lower than consensus at 0.8 versus 1.0 expected.
Once again, services remain strongly inflationary, but price of fuel and many goods moderated.
Will the RBA decide thats enough?
Not sure, though cant see any interest rate cuts yet, which is what some commentators are suggesting is the next move.
mick
June quarter CPI lower than consensus at 0.8 versus 1.0 expected.
Once again, services remain strongly inflationary, but price of fuel and many goods moderated.
Will the RBA decide thats enough?
Not sure, though cant see any interest rate cuts yet, which is what some commentators are suggesting is the next move.
mick
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