Pete Wargent blogspot

CEO AllenWargent Property Buyers, & WargentAdvisory (institutional). 6 x finance author.

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Sunday, 23 April 2017

Weekend reads - must see articles of the week

Summarised for you here at Property Update (or click the image below).

Property Update was recently listed by feedspot as the top property blog worldwide.

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A hugely important release is due out on Wednesday this week, being the Consumer Price Index (CPI) or inflation figures for the first quarter of calendar year 2017.

Core inflation has been tracking at below the Reserve Bank's 2 to 3 per cent target range, and the September inflation result was clearly soft as consumers benefited from discounts. 

However, the forecast range for CPI this quarter is quite wide. 

Generally the market expects to see another relatively subdued result, but there are rising fuel prices and potentially energy bills and/or pharmaceutical costs that combined with the seasonal factor could see a higher than expected result. 

March is normally a soft quarter for inflation, so the statistician adjusts for the seasonality.

The figures will have important implications for the trajectory of interest rates.