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Inflation

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Cheers,

Looking at their Annual Weight Update(bolds mine) it appears they have lowered the Housing group because-
1. People are building less owner-occupied, presumably because of the costs and
2. Electricity was cheaper due to the short lived rebates!

Not sure if serious.

Housing​

The weight for the Housing group fell 0.35pp due to a decrease in the weight for New dwellings purchase by owner-occupiers (-0.48pp) and Electricity (-0.52pp).
Dwelling commencements in 2023-24 were the lowest in over ten years reflecting reduced spending on new dwelling construction and purchases of new dwellings.
The weight for Electricity fell due to lower electricity costs from the introduction of the Commonwealth Energy Bill Relief Fund rebates. These rebates were first introduced in July 2023 and were extended and expanded in July 2024. This combined with various state and territory government rebates, meant households spent less on electricity.
 
The part that pisses me off the most is that the rebates do not apply to all small businesses, and it does not apply to any large business.
According to Government Energy web site , not evryone is created equal.
if you are a small business that uses a lot of energy, no rebates for you!
So a large business where that use a lot of electricty will likely put their prices up because they get no rebates.
Total joke, but hey, everyone seems to accept it.
Why not say because registrations or rates are subsides for some sections of society, that those parts of the basket of goods ahve also deceased?
Mick
 
mullokintyre said:
if you are a small business that uses a lot of energy, no rebates for you!
So a large business where that use a lot of electricty will likely put their prices up because they get no rebates.
Click to expand...
It varies between states somewhat but for the record 29% of all electricity is used by households. Or in other words 71% is business and government.
 
over9k said:
Trump now putting 20% tariffs on china.

Meanwhile:

View attachment 194628View attachment 194629

The pivot to india is now in full swing.
Click to expand...
Open market/slaughter.imagine how cheap an Indian plumber or bricklayer can be, sent on a 2 month "business trip".
Having worked in IT and expected to be competitive against India for the last 20y, I will not shed tears....
Welcome Australia mainstream to the club...
 
over9k said:
Trump now putting 20% tariffs on china.

Meanwhile:

View attachment 194628View attachment 194629

The pivot to india is now in full swing.
Click to expand...
THAT is really going to annoy all the highly qualified ( and legal ) migrants that have come to Australia over the past 40-50 years ( and had their tertiary qualifications depreciated )

seems Albo just can't help making new friends among the voters ( sarcasm )

of course the alternate way of looking at is an Australian degree is now no more impressive than a degree that might be a fake ( or corrupt purchase )

but heck we MIGHT snag a person who is actually proficient in economics ( and make them RBA governor )
 
over9k said:
My spidey sense is saying we're at the start of a bear market. I base this on nothing but my spidey sense.
Click to expand...
well we are in retrace territory ( roughly 5% down ) it is only a small stumble to a worrying downtrend

and now someone has finally admitted we are in a longish 'per capita recession ' ( some investors will understand what that means )
 
over9k said:
Oh yeah they're shifty as f**k.

That's not unique to indians though.
Click to expand...
I've been in business for a long time. There were always some customers you double the price on and wrap up in contracts. Use to then give them a discount to the normal price just so they felt they got a bargain.
 
ABS released the latest monthly CPI stats today.
Looks pretty benign, expect more rate cuts going forward, unless something dramatic happens.
China is desperate to keep its factories going, so will continue to overproduce and undercut all and sundry as they seek to drive everything not made in China to the wall.
Hence whatever price pressures there might be are heading down rather than up.
Everything is rosy!
Mick

 
mullokintyre said:
CPI data in February was down again.
Not sure if the fall is enough for consecutive benchmark interest rate falls.
From ABS Monthly data
View attachment 196162

Mick
Click to expand...
completely contradicting my observations whilst shopping yesterday , even fuel prices was up slightly ( with global oil prices low and the AUD slightly higher )

maybe all those Democrat statisticians fled to Australia
 
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