If Everyone’s Feeling the Squeeze, Where’s All This Inflation Coming From?
Housing led August inflation as annual prices rose 4.0%, while overseas cost pressures and tight capacity kept the Reserve Bank cautious.
- Annual inflation rose to 4.0% in August from 3.5% in July, remaining stubbornly above the RBA's 2% to 3% target range in Australia.
- Housing was the biggest contributor to inflation, rising 5.7% over the year, while higher oil and fertilizer costs linked to the Middle East conflict also pressure prices.
- CommBank Head of Australian Economics Belinda Allen noted spending growth varies by age, with Australians aged 65 and over recording 10.1% higher spending in June than a year earlier.
- RBA Deputy Governor Andrew Hauser acknowledged public frustration regarding the cost of living in a recent interview with the ABC's 7.30 program.
- Trimmed mean inflation remained at 3.6% for the third consecutive month, a metric the RBA will monitor to determine whether additional rate rises are needed.
29 Articles
29 Articles
If everyone’s feeling the squeeze, where’s all this inflation coming from? – Port Lincoln Times
Many of us are feeling under cost-of-living pressure, so what’s causing the inflation the RBA acknowledges is making Australians “furious”? Households have been dealing with years of higher prices. Consumer confidence is weak, house prices have fallen and the economy is slowing. Yet inflation remains stubbornly above the Reserve Bank of Australia’s 2% to 3%…
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If everyone’s feeling the squeeze, where’s all this inflation coming from?
Many of us are feeling under cost-of-living pressure, so what’s causing the inflation the RBA acknowledges is making Australians “furious”? Households have been dealing with years of higher prices. Consumer confidence is weak, house prices have fallen and the economy is slowing. Yet inflation remains stubbornly above the Reserve Bank of Australia’s 2% to 3% […]
If everyone’s feeling the squeeze, where’s all this inflation coming from? | Brimbank & North West
Many of us are feeling under cost-of-living pressure, so what’s causing the inflation the RBA acknowledges is making Australians “furious”? Households have been dealing with years of higher prices. Consumer confidence is weak, house prices have fallen and the economy is slowing. Yet inflation remains stubbornly above the Reserve Bank of Australia’s 2% to 3% […] The post If everyone’s feeling the squeeze, where’s all this inflation coming from? a…
If everyone’s feeling the squeeze, where’s all this inflation coming from? - Bundaberg Today
Many of us are feeling under cost-of-living pressure, so what’s causing the inflation the RBA acknowledges is making Australians “furious”? Households have been dealing with years of higher prices. Consumer confidence is weak, house prices have fallen and the economy is slowing. Yet inflation remains stubbornly above the Reserve Bank of Australia’s 2% to 3% target range. RBA Deputy Governor Andrew Hauser acknowledged the frustration in a recent …
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