Inflation ‘clearly not falling’ in Australia
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- čas přidán 25. 06. 2024
- Judo Bank Chief Economic Adviser Warren Hogan says inflation is “clearly not falling” in Australia.
Australia’s inflation rate rose from 3.6 per cent to 4 per cent in May.
Markets are now predicting a 67 per cent chance of a rate hike in August.
“This inflation is clearly not falling, which is what they need it to be doing,” Mr Hogan told Sky News Australia.
“We’re getting some hints out of the monthly numbers that it could be rising, and that’s a disaster, of course.”
Airbus albo, bird head bowen, Jim the snake, Giles the peanut, wong the traitor, burke the big mouth. This has to be the worst government in Australian history.
🤣
Abbott the rabbit, and Howard the coward ? What about Fraser the amazer ? - he toppled a democratically-elected government with innuendo.
@@alancotterell9207 How is Howard the coward?
Kevin the Spudd and Wayne the Swann not duds? Not to mention the "real" Joollyah Gillard-K Spudd schemozzle?
@@alancotterell9207 I think you need to head to the nursing home and let young Australians take charge. It's our future not yours.
Here comes the Labor Recession.
so Labor inherited a good legacy ?
@@alancotterell9207 No, but they are helping it along.
@alancotterell9207 well they did from Howard. Kevin 07 hahahahq you must have dementia
Looks like we’re heading towards another recession we had to have, only seem to have them under Labor!
the cunts are all shagging each other.
Go Dr Jimbo, it must've been the previous government 's fault😳🤡🤡
Well I so happy the PM got his third pay rise and the governor general has her $200 ,000 pay rise poor buggers
Australian public service making out like bandits......
The Governor-General actually just got a $319,050 pay rise, as the pay rise was 45%. Total now is $709,000. If you can tell me what the Governor-General actually does as I have no clue haha.
@@shelby6622 you and I both it’s sickening is called doing it tuff 🥹But being a father of Four children all at voting age I make it a point explaining why they should vote carefully the young are starting to wake up even with the climate change agenda there the future it their world where just living in it , thanks for pointing it out kind regards Rob Blandford 🇦🇺👏
Snake charmer Jim and Albo your done
More like snake oil salesmen !
Unlike Keating's "recession australia had to have" this will be chalmers " recession we couldnt avoid having , but it's not our fault ". !
Most tax relief will go into paying bills and necessities not wants or luxuries.
Recession, second one ive lived through . Thanks labor
Second great depression.
Labor policies = inflation = cost of living. Labor now knows they can no longer hide the cost of living numbers. It's now a runaway train. And we all knew by the halfway mark of a labor federal government - bits would be flying off - and labor just lies every day - in every way.
The economy has to be in recession. Simple math equation - on inflation = cost of living. For a small business - it's all down to foot traffic.
So - cost of living goes up. You lose between - 15% - 25% of foot traffic going through shopping centers = 15% - 25% less business. Plus higher wages - higher rents for the places where food outlets set up in our inner cities - higher cost of electricity up over 100% under labor - and cost of food - up over 30%. Business people - will simply exit our inner cities. Then you get empty commercial premises all over our inner cities - that no-one wants to rent.
That tells you - what inflation equals. The economy shrinks. And labor has picked on small business people.
When you look at the above equation - it does not matter what labor says. It's how - consumers - respond to the cost of living - and how that impacts small business.
Is where - there is to much financial pain labor has inflicted on the whole economy. And when people are hurt by labor - their lies - only encourage people - to tell everyone else - labor are - immoral - corrupt - useless.
How consumers will respond to the cost of living is that they'll go to work and stay home as they won't be able to afford to do anything or go anywhere. I'm FIFO and on my week off I do Uber as what I get from FIFO now isn't enough. God help those with a 9-5 job in the city only on an average wage sheesh.
Australia the only country that didn't raise the rates quick enough, left them too late to begin with, dropped them too low, then raised them too slow and whilst other countries around the world went hard and fast and are now looking at lowering their rates and some countries went through an economic boom... Australia went too slow because of one market HOUSING. They are too scared of crashing the housing market, instead they are sacrificing everything else. AUSTRALIANS HAVE TOO MUCH HOUSING DEBT, AND THE GOVERNMENT IS MAKING IT WORSE. It;s not RBA's fault they don't make the policies that caused this, its your government! The even keel was skewed since the GFC, PRINTING HELECOPTER MONEY...PLEASE!
Or it just could be that the RBA is useless......
@@strategicviewpoint6672the RBA has one tool at their disposal. Interest rate adjustments. But that doesn’t work if the government increases spending whilst the RBA is trying to decrease it. I would be shitting on either government if they were increasing spending during high inflation but labours policies are directly going against what the RBA is trying to do. Not just federal but state to.
ive been wondering why my btc was up
So do they think people with borrowed money are still spending too much ?
😂
I don't know anyone out there spending big helping this inflation, all these migrants arriving need to buy things that cant be helping inflation .
100%
People starting new life in a new country, never seen Kmarts, ikea, big w etc so busy
Plus everyone else is feeling life pressure and doing retail therapy where they can instead of holidays or bigger purchases
@@gymclasshero88 Exactly
Australian dollar is weak now so some foreign investors borrow money from their own countries with low interest rates and invest properties in our country to get big profits!
Over 20% of properties bought in Australia are paid for cash. Plenty of people and companies throwing around money.
@@ablet85 eeeeeeeerrrrrrrrrrrrr they are known as Chinese.
Why doesn’t the government not drop off tax excise on petrol and other to assist with deflation
We need to pay for all there out of control spending somehow lol
You do realise that the servo from a litre of petrol gets if they are lucky like 2 cents from it, the rest is bloody taxes. Price ain't ever going down not ever.
They knew inflation was going up. That is why they all got a pay rise. In fact 3 pay rises in this governments term.
So charmers will smile and laugh it off with spin.
I can already hear the press conference… “ awwwww we know Australians are doing it tough… blah blah blah… *blames coalition*” ahahhahahaha
@@jonathoncalabrese2035exactly 🤮
Domestic inflation reflects Domestic monetary policy
It’s government spending - not the people…
So what he is saying is just 🤡🌏
Waiting for the Snake Chalmers "Spin' ?
Absolutely correct.
What were those words again Jim...? Oh that's right
" HAS AN EXCUSE FOR EVERYTHING, AND A PLAN FOR NOTHING..." 😂😂😂😂
Imagine a treasurer of all people who thinks spending more and going further into debt will not affect inflation. Just 10 years ago our govt debt level was lifted to 500 billion. Today we are quickly marching towards 2 trillon of govt debt. Imagine the interest bill alone on all this debt that will be hung around our childrens necks! Asleep at the wheel much?
Cassonova Bowen and Anthony “recession” Albanese
‘Massive tax cut’…. Please it is not much. Noting super is also going up 1/2 a percent which also eats into this tax cut. To think that the % of tax taken off us has reached the same heights as before the GST was introduced . Makes you sick
"We know your doing it tough" Chalmers
How about we give you a recession??😅
Inflation = payrises =Inflation
A full 1% increase is required. It will hurt mortgagees but it has to be done.
Prices are up on insurance and petrol. The only thing a rise will do is take more money and give it to the banks
Or do no rises and watch what happens, tantamount to civil unrest
Savers and Pensioners would be happy though. Might actually price in the true value of money......
She hasn't got the guts to do it. They turfed out Lowe cos he was too aggressive and the new chick is too afraid to pull the trigger.
@@strategicviewpoint6672 its not really good money if its being inflated at 4% though... so they say...
Kinda seems deliberate
100% trying to break middle class and have only top and bottom...
Don’t blame the baby boomers there work there guts out and never got to do the things the children do today
1970s. The general theme is that rates were hiked north of 20% to break the back of inflation
They lied to you dominic pelle. 😆
They just agreed to a nurse pay increase as well haha more inflation
What good news? Australia is already in a GDP per capita recession. Getting poorer day by day........
People working two jobs to survive are not high employment numbers, just people and jobs being counted twice. Nobody seems to be counting the number of companies and small businesses going bankrupt, where are the people working in these companies finding work?
Inflation is definitely going up prices are constantly increasing. Cost of living rising. I would bet Albanese and his cohorts will be pushing for MP wage rises.
They just gave themselves their 3rd pay rise since they got into govt.
For inflation to fall, they need to jack up rates to above the true inflation rate, which they can't do. Therefore, inflation will continue to burn through. If you havne't got assets like property, gold, silver that get pushed up with inflation sorry you are shit out of luck, work isn't worth it. Not at all. 🤣 The wages are appaling just looked, why would anyone bother?
Prepare for another 2 interest rate hikes or more before Christmas 😬-thanks to Labors incompetence..
Our economy is very Slim just like Jim’s integrity lol We really need to show Slim Jim and his mates AnAl, Benny, Dicky, and the rest of the clowns in the Communist Party the door at the next election.
Punters Politics covered inflation, Jim maybe you should watch his video to get some clues as to what to do.
he a communist retard dont take advice from him ! he wouldnt know fuck all about business what net profit is it fallen not gone up
Maybe it’s state governments narcissistic projects ?
Its okay i just ask my boss for pay rise
So this fantastic and smart budget is failing? 😂😂😂😂
Is this the recession we had to have bring back keating he had 17 percent ha ha
How could it? We are the most indebted people in the world! Strangely, DEBT is carefully avoided by many. Others have no choice but signing on the dotted line. If it were not for debt, there would be no Australia! Time for a change in conversation!
i thought switzerland was the most highly indebted people of the world.
I will say it again for the dummies. Inflation is a 14 year cycle. We are 4 years away from peak.
RBA should have acted sooner with rates, she knew she had to put them up early this year but didn't act and I knew the pain was coming. Obviously people can afford these high mortgages they are earning big bucks otherwise house prices wouldn't be so inflated! Bring back Paul Keating I say!
Never trust a Modern Monetary Theorist,at least they're consistantly wrong you 've got to love that in a analist.
Inflation rate is not going down as our shipping company also increased import shipping cost and usually Australia does very good in the second half year upon till January.
You pollies need a pay cut experience whats its like to go without. I m tired of paying 14.00 for a blick of cheese .
Austerity measures cause inflation in the long term. They are only a short tem fix to keep up appearances, and to set the opposition up to have more difficult problems.
Cut fuel exist, open more oil refineries, and do everything possible to let the cost of energy, this will squash inflation.
Wow Australia is Getting a break from the morning Propaganda Brothers of Carl and Peter.
Okay, so let's go vote harder and get the other side of the uniparty in - that'll fix it!
Labor clearly will fall.
The recession we had to have mark ll
Congratulations on shutting down Australia for two years during COVID, and for printing money. The chicken has come home to roost. You didn’t think that you could do all of this without a negative effect.
the higher interest rates are, the more i seem to be spending. Free money from interest on savings allows me to buy so many more things i dont really need now.
All done by design
Not going to be much extra at all lovie. She’s not really very bright
inflation up...albo goes look here... assange... no one cares. we know what your game is albo.
Trimmed mean inflation is at its lowest level in two years and much lower than the 5.0 per cent at the time of the election.
Headline inflation increased by 1.0 per cent in the March quarter 2024, half of the quarterly peak recorded in the March quarter 2022, before the election.
Inflation has improved considerably under Labor as well as delivering two budget surpluses, the first in over 18 years. Soon cost of living relief will come in the form of tax breaks, energy bill rebates, free child care, expanding the PBS, wage rises etc. There is much to repair after the Decade of Debacle under the Coalition. Their legacy is record debt and confusion over energy policy. Their nuclear argument is just a ploy to scuttle renewable investment - as usual. Our economy is strong and will avoid recession even with more interest rate hikes.
That 5% was the Result of the One Off Covid Stimulus, fully Suported by Your Labor Mates !
You must be living in la la land!😊
They clearly are, next they will be preaching electricity is the cheapest it’s ever been and householders have never had it better!
While wholesale electricity prices have become significantly cheaper since 2022, power bills have continued to climb for a number of reasons, including extreme weather, increased network costs and power system events caused by aging, unreliable coal-fired power stations and inflated global coal and gas prices. Coalition inaction over the last decade with renewables has exasperated the problem when it is known that this approach will drive down costs. After listening to the Coalition's 2 page nuclear policy, it is clear only a Labor government is serious about reducing energy prices while also cutting emissions. The Coalition is unelectable.
@@jamielinsdell4900 and there it is, forget the promise that Albo made about lowering electricity prices, let’s go straight to the default excuse Labor use when they fail “it’s not our fault but Liberals” lol. Listening to the two proposals it’s very clear that there is so much missing from the Labor proposal especially around total costings which is done for two reasons, Labor either don’t know the total costings which after being in power for two years they should know or the total cost is astronomical and much much more than Duttons. Seeing how wasteful Labor are with spending its very clear only one proposal has a chance of lowering prices and that Duttons especially with the ludicrous amount of spending going on now for renewables it means power prices will continue to increase significantly for some time yet
OMG! So good 😍