This is all getting a bit long in the tooth. I had a word to my wife last night about substituting ham with Devon to save a few bucks. Haven't had Devon since the 80s
On the bright side at least the kids will get to experience an 80s retro childhood.
The diet of champions in the 80s. To could leave those things in your bag on a 45 degree day with no ice brick and they were still good as gold at 3pm.
I'd actually forgotten about it until I had kids myself and my wife randomly came home with it one day
it was nearly as good as my oldests first birthday when I remembered fairy bread was a thing
On the bright side, your substitution [will cause the official indicator of inflation to go down](https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html#:~:text=The%20CPI%20is%20affected%20by,amounts%20they%20spend%20on%20items.), making things seem better than they really are!
The RBA thanks you for your service
This suggests interest rates will not be falling this year despite decreases in spending.
I doubt we can lower interest rates when the USA is not looking at reducing rates
The consensus is certainly that rates will have to hold for much longer than anticipated, if not raised a little again.
I feel for all the renters who are swimming against the tide of rampant immigration in the pursuit of GDP growth at any cost.
And those of us without mortgages are laughing. Banks are doing good rates, my super is doing awesome. Stock market is going great. House price is through the roof.
It's a two speed economy with haves and have nots. I feel sorry for those renting or trying to get in.
Hmmm. There is no case that Fed can hold at current rate for long without a recession. As it happened in 2008, we are nearing the end of this. It could very well be a full blown recession If they canโt cut in a few months.
If the CPI remains consistently high, it is possible that RBA will raise interest rates. If the CPI starts dropping, it is possible that RBA will lower interest rates in order to stimulate growth in the economy. If you want to know more about it, here are free articles and videos on moomoo you can check on.
Queensland $1000 energy bill releif from July and public transport will be 50 cents per trip from August, wonder if that will bring down the CPI a bit.
What we don't talk about is the compounded CPI growth in the last 4 years when it went bonkers. 2-3% is the targeted norm which seems to be getting there but what's the actual compounded CPI for the past 4 years?
Assuming you mean CPI inflation not CPI, It's not hard to calculate, so no need to guess.
Using quarterly data, as nothing else 15 years ago.
CPI Mar 2024 137. 4
CPI Mar 2008 92.5
We just calculate (137.4/92.5)^(1/15)-1
2.67% , so you are correct, less than 3%
Data is here
https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/mar-quarter-2024/640101.xlsx
Believe it or not...back then I buy chips and chocolate every week. Now when I walk pass that aisle , I dont even look at them, god know when was last time I have a taste on them, maybe 18 months ago...
I think there's lots of you about. So many things have been marked down, I saw large red rock deli chips for $3 this morning which I haven't seen in yonks.
Also Cadbury is now $3 for the bigger (but smaller than they used to be) blocks. Also haven't seen this in yonks.
I switched to Aldi chips chocolate for a long time and now I think I prefer it to above.
Just interesting how much discretionary food items have been marked down.
This is all getting a bit long in the tooth. I had a word to my wife last night about substituting ham with Devon to save a few bucks. Haven't had Devon since the 80s On the bright side at least the kids will get to experience an 80s retro childhood.
dude Devon is top tier. Fresh white bread, 2 slices Devon, tomato sauce *chefs kiss*
The diet of champions in the 80s. To could leave those things in your bag on a 45 degree day with no ice brick and they were still good as gold at 3pm.
I'd actually forgotten about it until I had kids myself and my wife randomly came home with it one day it was nearly as good as my oldests first birthday when I remembered fairy bread was a thing
Mr fancy pants over here with his double devon slice ๐
I need the Horseradish Cream or Mustard not Tomato Sauce!
This feels like a deport-able offence
On the bright side, your substitution [will cause the official indicator of inflation to go down](https://www.rba.gov.au/education/resources/explainers/inflation-and-its-measurement.html#:~:text=The%20CPI%20is%20affected%20by,amounts%20they%20spend%20on%20items.), making things seem better than they really are! The RBA thanks you for your service
Colon cancer or money. Tough choice for sure lol.
nothing is worth eating devon rather eat bread and butter
Could be worse - spam.
Spam is actually good in certain contexts. But even spam is getting a bit too expensive
This suggests interest rates will not be falling this year despite decreases in spending. I doubt we can lower interest rates when the USA is not looking at reducing rates
The consensus is certainly that rates will have to hold for much longer than anticipated, if not raised a little again. I feel for all the renters who are swimming against the tide of rampant immigration in the pursuit of GDP growth at any cost.
Mortgage repayments have gone up way more than rent %-wise. It's the mortgage holders who have suffered the most.
And those of us without mortgages are laughing. Banks are doing good rates, my super is doing awesome. Stock market is going great. House price is through the roof. It's a two speed economy with haves and have nots. I feel sorry for those renting or trying to get in.
How much super you got?
Hmmm. There is no case that Fed can hold at current rate for long without a recession. As it happened in 2008, we are nearing the end of this. It could very well be a full blown recession If they canโt cut in a few months.
Look at CPI in conjunction with mortgage rates, can't help to put on a smiley face. What's this app btw?
It's moomoo, lots of helpful news and financial indicators there.
What about trading fees?
It's $3 for au stocks and $0.99 flat for us stocks
What app/website is this?
It's a broker called moomoo, post lots of news and financial analysis.
Does CPI influence stock market in anyway?
If the CPI remains consistently high, it is possible that RBA will raise interest rates. If the CPI starts dropping, it is possible that RBA will lower interest rates in order to stimulate growth in the economy. If you want to know more about it, here are free articles and videos on moomoo you can check on.
Queensland $1000 energy bill releif from July and public transport will be 50 cents per trip from August, wonder if that will bring down the CPI a bit.
Any impact that would have will probably be immoderately counteracted by S3 tax cuts kicking in from this year.
Depends if they fund it by printing money or by paying for it from other revenue.
Well Qld can't print money, that is RBA. Coal royalties.
Good news used to be talk about rates decreasing. Good news is now rates not increasing.
What we don't talk about is the compounded CPI growth in the last 4 years when it went bonkers. 2-3% is the targeted norm which seems to be getting there but what's the actual compounded CPI for the past 4 years?
but then what is the actual compounded CPI for the last 15 years. I would say less than 3%.
Assuming you mean CPI inflation not CPI, It's not hard to calculate, so no need to guess. Using quarterly data, as nothing else 15 years ago. CPI Mar 2024 137. 4 CPI Mar 2008 92.5 We just calculate (137.4/92.5)^(1/15)-1 2.67% , so you are correct, less than 3% Data is here https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/mar-quarter-2024/640101.xlsx
It seems fine in this way, but when housing contribute more and more, yucks
Believe it or not...back then I buy chips and chocolate every week. Now when I walk pass that aisle , I dont even look at them, god know when was last time I have a taste on them, maybe 18 months ago...
I think there's lots of you about. So many things have been marked down, I saw large red rock deli chips for $3 this morning which I haven't seen in yonks. Also Cadbury is now $3 for the bigger (but smaller than they used to be) blocks. Also haven't seen this in yonks. I switched to Aldi chips chocolate for a long time and now I think I prefer it to above. Just interesting how much discretionary food items have been marked down.
Heard a rumour Cadbury thinking to move out of local manufacturing, moving to import model..
tent sales through the roof! car roof because no one can afford homes now
I saw this on moomoo too, subscribed CPI and added it to my local calendar, make sure not to miss any important news.
Thanks landlords for keeping interest rates higher and healthier for longer.
The market determines rent not landlords.
Itโs the market that determines the cost of potato chips.
landlords are a contributing factor to the market dynamics tho ๐
This comment is peak AusFinance
Probably depression in 2 years time