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CPI At 6.9%: Numberwang Strikes Again!

A bunch of stats from the ABS , RBA and APRA. CPI was down a bit but largely due to rebaselining. The Trimmed mean was unchanged.

Building approvals were down (again) and the latest data on lending shows an easing.

Net net, not enough to shift the RBA very far – 25 basis points next Tuesday is still most likely.

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21 Comments

  1. Somebody who represents the people of Australia in Parliament should have the moral fortitude to say Proverbs 11:1 concerning the ABS Statistics quote, ā€œA false balance is abomination to the LORD: but a just weight is his delight.", followed with the question why have the weight of measuring inflation changed to cater for the rise in overseas travel (who could be returning to their homeland country) when the issue of cost of living is for people living in Australia? A supplementary question is, why does the governor of the RBA ignore other organizations that specialize in measuring inflation since the government believes they are independent?

  2. Yet the absolute garbage i have been hearing the main stream media outlets spouting. I'm far from an expert but you'd have to be mildly retarded to not be able to point out glaring holes in the claims.
    They've been pushing high density housing for years. I've heard numerous developers over the last 15 years being gobsmacked because a 3 unit was knocked back and they were tols to put 5 on, for example. Not necessarily zones people would expect.
    15 minute cities brought to you by C40, NREP, WBCSD, G20, UN, etc etc

  3. Next to the indoor ATM machine are brochures promoting $4000 dollars cash back if you refinance. Which is why that bank you mentioned has had a turnaround in market share. Surely the šŸ˜ in the room when it comes to inflation. Really is a Neoliberal induced "Cash Splash" with a hangover later on for the refinanceršŸ’Ŗ

  4. I don't think its numberwang. Actually I would have thought it would be much lower considering oil has fallen about 35% from peak. If oil hangs around current rate through the next qtr then we are headed to 4% inflation over the next few months. If oil drop even further to around 62c which I think is where we are headed AND the RBA still has not eased then we are headed to 2% inflation mid next year and I would not be surprised if its earlier and lower.

Senate Question Time 30 November 2022

Senate Question Time – 30 November 2022

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