Pete Wargent blogspot
Friday 30 April 2021
Consumers clear personal debts
Wednesday 28 April 2021
Lowflation continues again, again...
Inflation slumps again
No need to agonise too much over these figures.
All the warnings of a spike in inflation in the March quarter pretty much came to nought.
Headline inflation came in at just 1.1 per cent over the year to March, well below market expectations.
Trimmed mean inflation slowed to record low at just 1.09 per cent, and the weighted median CPI also slowed slightly to just 1.29 per cent.
Underlying inflation has been running under the 2-3 per cent target since all the way back in 2015.
Non-tradables inflation, a proxy for domestic inflationary price pressures, came in at an underwhelming 0.2 per cent for the quarter.
The wrap
Overall there was a bit of inflation from petrol prices and Medicare in the March quarter, and alcohol and tobacco recorded relatively high inflation over the year...but there was not a whole lot else to speak of.
There will presumably be some stimulus-related spikes and some base effects over the next couple of quarters, but overall there are few inflationary pressures in evidence here.
In fact core measures of inflation are still running at record lows, so there's nothing here to suggest that interest rates won't be on hold until 2024.
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More detailed analysis from James Foster here.
Tuesday 27 April 2021
Rental increases at 14-year high
Monday 26 April 2021
Beautiful one day, chockers the next
Warren Buffett mini-series #7: What can we learn from Warren Buffett?
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Saturday 24 April 2021
Off the boil a little
Friday 23 April 2021
Property boom now calming
Wednesday 21 April 2021
The mathematical power of gearing
Tuesday 20 April 2021
RBA sees no change until 2024 at the earliest
Monday 19 April 2021
ausbiz: The Call
Buffett: The Kelly Investor podcast
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Sunday 18 April 2021
Podcast preview: The Kelly Investor
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