Prices discounted
The ABS released the latest monthly inflation figures, which again showed very little headline inflation (actually 0.0 per cent) in the month of November.
Headline inflation for the 12 months to November was thus plenty lower than market expectations, dropping from 3.8 per cent to 3.4 per cent.
Source: ABS
A significant driver of the inflation related to the housing component (5.2 per cent), with rents and new dwelling costs both contributing.
The wrap
Overall, it seems that inflation risks may be a bit lower than thought, though the next interest rate policy decision will ultimately be decided by the quarterly inflation figures due for release on January 28.
Markets are discounting about a 1 in 3 chance of rate hike at the very next central bank monetary policy announcement on February 3.
I was a bit late getting to the release, but you can read Westpac's review here: Momentum not as strong as first thought.
----
1. Download our property buying guide
Download our free property buying guide here.
You can also check out a few of our recent property purchases here.
Get in contact with us today if strategic property investment is your thing.
2. Subscribe to our Top 10 Podcasts for Investors
Listen in to our podcasts
The Australian Property Podcast is rapidly becoming one of Australia's biggest business podcasts, now with over 50,000 audio downloads per month, and growing fast.
And our popular Low Rates High Returns Show also remains available on Spotify.
3. Subscribe for my free daily blog
Subscribe for my free daily blog with 4½ million hits here.
You can also catch up with me daily on Twitter here, where I'm far too active daily and have over 15,500 followers.
By the way, I'm an 8-times published author on finance, investing, and business, so you can check out some of my books here.
My new book, co-authored with Cate Bakos is available to buy here or on Amazon here - check out our free Buy Right podcast series here.
4. Work with me privately
For a limited time you can book in a free diagnosis call with me here, so book in a call today.
