Interesting point from Dr Cameron Murray on the 'X' platform this week.
Fuel prices have been in the 150s in Brisbane this week.
Up the coast this week we've even see 150 cents at the low of the fuel cycle.
That's quite a vibe shift from the peaks when it wasn't uncommon to see two bucks for a litre of unleaded fuel (and 230 cents on the Bruce Highway).
Barrenjoey analyst Andrew Lilley has posited that core inflation could come in as low as 0.4 per cent or below for the December 2024 quarter, which would trigger the commencement of the interest rate cutting cycle in February.
Some other analysts see core inflation coming in at around 0.5 per cent or perhaps higher, well down from 0.8 per cent in the September quarter, in which case May looks more likely for some monetary easing to begin.
