Latest Inflation Figures

[sptrawler]

My guess is things will get "interesting" in the market once the masses realise this.

It's one of those things that'll take far longer to occur than logic says it ought but I expect it'll be real quick once it finally dawns as to the true nature of the situation.

The Govt is pushing for an increase in the basic wage, so the last thing they want is inflation dropping.
The energy transition is going to cost, the subs are going to cost, the housing is going to cost, the NDIS, is going to cost, they already have a trillion dollars of debt from covid.

Like the Govt wants inflation to drop.

 

[Knobby22]

Inflation is dropping. Rate cuts in June along with tax cut. Monthly inflation is already in the band.
See the video I posted.
Political stuff is silly and a way to make bad decisions.

 

[sptrawler]

Inflation is dropping. Rate cuts in June along with tax cut

Can Phill Lowe quote you?

 

[TimeISmoney]

Inflation is dropping. Rate cuts in June along with tax cut. Monthly inflation is already in the band.
See the video I posted.
Political stuff is silly and a way to make bad decisions.

I like your enthusiasm.

 

[qldfrog]

Inflation is dropping. Rate cuts in June along with tax cut. Monthly inflation is already in the band.
See the video I posted.
Political stuff is silly and a way to make bad decisions.

I disagree, inflation will be a good 5% above rba rate by the end of the year:
Energy will get crazy and worse: renewable are ultra expensive, oil prospecting is hindered and half of the world is still growing strong ( roughly India China)
EU and us bankrupting themself on endless printing to send weapons to ukraine and seem to forget global warming risk there lol.
You seem to believe we can not have a f***ed economy and inflation, mostly true under benign condition but I remember the early 80s..inflation was rampant, economy abysmal employment terrible...
It could be good for Australia as a mining and agricultural products producers but not if we artificially put ourself out of business thru net zero and programmed destruction of farming.
Nickel all over again in IO, coal and beef wool
Buy PM, o/s non woke miners and save you money in land, RE and assets.
Probably some wise asx stocks
Time will tell
Real inflation at rba rate plus 5% in early 2025 in Australia .

 

[qldfrog]

A good example:

https://www.news.com.au/technology/environment/sustainability/pm-albanese-to-announce-1bn-program-to-build-more-solar-in-australia/news-story/0c3afc838b64ea84de703e1478d3a8b3

So 1 billion from government, fully printed from our deficit, using the government efficiency rate will probably cost twice that: submission to get the money, taxation and PS workers to get the money, the debt, the interest on the bonds
2 billions...for basically zip and lower overall productivity and a gift to China of at least half a billion....
Inflation is a given....

 

[IFocus]

The Govt is pushing for an increase in the basic wage, so the last thing they want is inflation dropping.
The energy transition is going to cost, the subs are going to cost, the housing is going to cost, the NDIS, is going to cost, they already have a trillion dollars of debt from covid.

Like the Govt wants inflation to drop.

So those on the poverty basic wage should pay for everyone elses excesses?

 

[Belli]

So those on the poverty basic wage should pay for everyone elses excesses?

Like it or not, whether it hurts us individually or not, I do feel there is pressure building to restructure taxation and move it away from relying on taxing personal income. What form it will take I don't know but I am getting the nagging feeling it will happen eventually.

 

[sptrawler]

So those on the poverty basic wage should pay for everyone elses excesses?

How did you come up with that?

I said the last thing the Govt want is inflation dropping, I've always said the only way the Govt can increase its income is by increasing taxes or increasing inflation which in turn increases the tax take.

I would rather see the basic wage increased, than a tax cut for the wealthy, so how you derived your opinion is beyond me.

The narrative which is driving public opinion, is building up the public expectation that there will be serious interest rate cuts, I think they need to settle it down there is a hell of a lot that needs Government money.

Also as @Belli says and I've also said, the whole tax system needs an overhaul, it is no longer fit for purpose as it is.

 

[qldfrog]

How did you come up with that?

I said the last thing the Govt want is inflation dropping, I've always said the only way the Govt can increase its income is by increasing taxes or increasing inflation which in turn increases the tax take.

I would rather see the basic wage increased, than a tax cut for the wealthy, so how you derived your opinion is beyond me.

The narrative which is driving public opinion, is building up the public expectation that there will be serious interest rate cuts, I think they need to settle it down there is a hell of a lot that needs Government money.

Also as @Belli says and I've also said, the whole tax system needs an overhaul, it is no longer fit for purpose as it is.

I believe it is more the gov expenses which need a shake up:
useless nukes, useless fighters, subsidies for lolly pop green schemes, PS workforce and then add NDIS, pension and welfare / indigenous rorts..
Slash thru and there is plenty to fund a proper non nanny state nation.
put a bit of tax parity with multinational schemes (Exon , google and cie) vs local firms....
and people will have money left to spend and make it worthwhile working.
I personally believe it is not worth working in Australia under the current regime.
So either welfare or expatriation if you can be worth something on the real world market
But indeed I think inflation (hyper inflation in the real world) is on the menu for quite a while

 

[mullokintyre]

Does the above look like inflation is being tamed?
How long do we have to wait until the experts admit that the transitory story was bullsh1t?
And what about the story that inflation was due to a suuply side logistics problem?
What is the one consistent activity that has been practiced by CB,s and governments everywhere.
Monetary stimulation.
mick