Rental prices up
Rents now lifting at the fastest pace in a dozen years, according to CoreLogic.
There is strong growth afoot in all capital cities, with Melbourne the only real laggard due to the market dynamics generated by lockdowns.
Source: CoreLogic
While transitory, this will gradually feed into inflation figures over the next year.
Fuel prices have also increased recently as oil prices have come storming back.
Core inflation is expected to lift this quarter, although it will still in all likelihood remain below the target range.
There's also little sign of wages growth picking up towards the desired 3 per cent per annum at this stage.
The consumer price index figures for the September quarter are due to be released late this morning, and will be eagerly scrutinised for signs of inflation picking up in Australia (after half a decade of below target results).
