As already reported, Australia’s Consumer Price Index (CPI) came in hot at 1.3% in the December quarter – smashing market expectations of a 1.0% rise: Annual CPI rose to 3.5%, smashing expectations of a 3.0% rise: Looking at the major components, you can see that the rise in quarterly inflation was driven by Transport (petrol
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The World Health Organization (WHO) believes that the COVID pandemic is entering its blow-off phase and will soon become endemic as the majority of the world’s population becomes infected: The World Health Organisation, normally conservative in its statements on Covid-19, is predicting the end of the pandemic with an expected “period of quiet” as Omicron
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Albo will today declare his mission statement: “If I’m successful, that future will be clear to Australians by the end of Labor’s first term,” he will say. “An Australia with rising living standards across the board, lifted by more secure work, better wages, stronger Medicare and cheaper childcare. “An Australia with more secure jobs in
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The ABS has just released CPI data for the December quarter, with headline inflation rising by 1.3% over the quarter and by 3.5% year-on-year: The result surprised on the upside, beating analysts’ expectations of a 1.0% quarterly rise and 3.0% inflation over the year. Of more importance, core (underlying) inflation rose by 1.0% over the
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PM Morrison lying again: …when the retailers went public telling customers what they were told – that their tests were going to the government – the Prime Minister and the Health Minister threatened the companies with huge penalties. “I want to stress that these are false claims,” the Prime Minister said on Friday. …“These claims
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2021 saw a doubling of Australian property sales above the $2 million price mark, according to realestate.com.au. While all price points above $250,000 saw increased sales volumes in 2021, the biggest increases were for properties priced above $2 million, with $3 million-plus sales experiencing the strongest growth: Nevertheless, the highest share of sales nationally remained
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Melburnians have been told to save water to ensure that the city’s population can double in size: Greater Western Water, Melbourne Water, South EastWater and Yarra Valley Water have launched a campaign to help Melburnians cut their water use… Yarra Valley Water managing director Pat McCafferty said while the state’s water storages were presently well
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Last week’s stunning labour market data, which saw Australia’s unemployment and underemployment rates fall to pre-GFC lows, helped the ANZ-Roy Morgan consumer confidence index rebound 2.2%: ANZ-Roy Morgan Aus Consumer Confidence rose 2.2% last week, over the neutral 100. The same week, #unemployment dropped to its lowest in more than 13 years. Ahead of Q4
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The ferrous complex flamed out on January 24, 2022: Not much to report beyond global market jitters. Chinese property is chewing through its problems: China’s efforts to spur asset sales by cash-strapped developers are starting to gain momentum with a flurry of deals involving state-run rivals, potentially easing the industry’s debt crisis. In recent days,
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NSW has recorded another 18,512 new COVID infections over the past 24 hours and 29 deaths: Victoria recorded 14,836 new COVID infections and 29 deaths: Daily cases continue to trend lower: Active cases are also trending lower: However, hospitalisations hit a fresh high in NSW: Whereas Victoria’s hospitalisations are running below their peak: Finally, COVID
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