Inflation rises to 3.6% The new inflation figures make for disappointing reading, suggesting that above-average inflation is sticking around for longer than originally thought, thereby delaying potential rate cuts from the Reserve Bank. The latest Australian Bureau of Statistics data show that, after inflation appeared to be falling at the end of last year, it’s since drifted higher: * Nov-23 = 4.3% year-on-year * Dec-23 = 3.4% * Jan-24 = 3.4% * Feb-24 = 3.4% * Mar-24 = 3.5% * Apr-24 = 3.6% The Reserve Bank is trying to reduce inflation to its target range of 2-3%. Until that happens – or, at least, until that seems imminent – the Reserve Bank is unlikely to reduce the cash rate. #economy #realestate #homeloans #therentalspecialists
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Inflation rises to 3.6% The new inflation figures make for disappointing reading, suggesting that above-average inflation is sticking around for longer than originally thought, thereby delaying potential rate cuts from the Reserve Bank. The latest Australian Bureau of Statistics data show that, after inflation appeared to be falling at the end of last year, it’s since drifted higher: * Nov-23 = 4.3% year-on-year * Dec-23 = 3.4% * Jan-24 = 3.4% * Feb-24 = 3.4% * Mar-24 = 3.5% * Apr-24 = 3.6% The Reserve Bank is trying to reduce inflation to its target range of 2-3%. Until that happens – or, at least, until that seems imminent – the Reserve Bank is unlikely to reduce the cash rate. #economy #realestate #homeloans #therentalspecialists
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Inflation rises to 3.6% The new inflation figures make for disappointing reading, suggesting that above-average inflation is sticking around for longer than originally thought, thereby delaying potential rate cuts from the Reserve Bank. The latest Australian Bureau of Statistics data show that, after inflation appeared to be falling at the end of last year, it’s since drifted higher: * Nov-23 = 4.3% year-on-year * Dec-23 = 3.4% * Jan-24 = 3.4% * Feb-24 = 3.4% * Mar-24 = 3.5% * Apr-24 = 3.6% The Reserve Bank is trying to reduce inflation to its target range of 2-3%. Until that happens – or, at least, until that seems imminent – the Reserve Bank is unlikely to reduce the cash rate. #economy #realestate #homeloans
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Inflation rises to 3.6% The new inflation figures make for disappointing reading, suggesting that above-average inflation is sticking around for longer than originally thought, thereby delaying potential rate cuts from the Reserve Bank. The latest Australian Bureau of Statistics data show that, after inflation appeared to be falling at the end of last year, it’s since drifted higher: * Nov-23 = 4.3% year-on-year * Dec-23 = 3.4% * Jan-24 = 3.4% * Feb-24 = 3.4% * Mar-24 = 3.5% * Apr-24 = 3.6% The Reserve Bank is trying to reduce inflation to its target range of 2-3%. Until that happens – or, at least, until that seems imminent – the Reserve Bank is unlikely to reduce the cash rate. #economy #realestate #homeloans
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Inflation rises to 3.6%! The new inflation figures make for disappointing reading, suggesting that above-average inflation is sticking around for longer than originally thought, thereby delaying potential rate cuts from the Reserve Bank. The latest Australian Bureau of Statistics data show that, after inflation appeared to be falling at the end of last year, it’s since drifted higher: * Nov-23 = 4.3% year-on-year * Dec-23 = 3.4% * Jan-24 = 3.4% * Feb-24 = 3.4% * Mar-24 = 3.5% * Apr-24 = 3.6% The Reserve Bank is trying to reduce inflation to its target range of 2-3%. Until that happens – or, at least, until that seems imminent – the Reserve Bank is unlikely to reduce the cash rate. #economy #realestate #homeloans
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Inflation rises to 3.6% The new inflation figures make for disappointing reading, suggesting that above-average inflation is sticking around for longer than originally thought, thereby delaying potential rate cuts from the Reserve Bank. The latest Australian Bureau of Statistics data show that, after inflation appeared to be falling at the end of last year, it’s since drifted higher: * Nov-23 = 4.3% year-on-year * Dec-23 = 3.4% * Jan-24 = 3.4% * Feb-24 = 3.4% * Mar-24 = 3.5% * Apr-24 = 3.6% The Reserve Bank is trying to reduce inflation to its target range of 2-3%. Until that happens – or, at least, until that seems imminent – the Reserve Bank is unlikely to reduce the cash rate. #economy #realestate #homeloans
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Inflation rises to 3.6% The new inflation figures make for disappointing reading, suggesting that above-average inflation is sticking around for longer than originally thought, thereby delaying potential rate cuts from the Reserve Bank. The latest Australian Bureau of Statistics data show that, after inflation appeared to be falling at the end of last year, it’s since drifted higher: * Nov-23 = 4.3% year-on-year * Dec-23 = 3.4% * Jan-24 = 3.4% * Feb-24 = 3.4% * Mar-24 = 3.5% * Apr-24 = 3.6% The Reserve Bank is trying to reduce inflation to its target range of 2-3%. Until that happens – or, at least, until that seems imminent – the Reserve Bank is unlikely to reduce the cash rate. #economy #realestate #homeloans
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Inflation rises to 3.6% 📈☹️😕 The new inflation figures make for disappointing reading, suggesting that above-average inflation is sticking around for longer than originally thought, thereby delaying potential rate cuts from the Reserve Bank. The latest Australian Bureau of Statistics data show that, after inflation appeared to be falling at the end of last year, it’s since drifted higher: * Nov-23 = 4.3% year-on-year * Dec-23 = 3.4% * Jan-24 = 3.4% * Feb-24 = 3.4% * Mar-24 = 3.5% * Apr-24 = 3.6% The Reserve Bank is trying to reduce inflation to its target range of 2-3%. Until that happens – or, at least, until that seems imminent – the Reserve Bank is unlikely to reduce the cash rate. #economy #realestate #interestrates #realestateaccountants
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The new inflation figures make for disappointing reading, suggesting that above-average inflation is sticking around for longer than originally thought, thereby delaying potential rate cuts from the Reserve Bank. The latest Australian Bureau of Statistics data show that, after inflation appeared to be falling at the end of last year, it’s since drifted higher: * Nov-23 = 4.3% year-on-year * Dec-23 = 3.4% * Jan-24 = 3.4% * Feb-24 = 3.4% * Mar-24 = 3.5% * Apr-24 = 3.6% The Reserve Bank is trying to reduce inflation to its target range of 2-3%. Until that happens – or, at least, until that seems imminent – the Reserve Bank is unlikely to reduce the cash rate. #economy #realestate #homeloans
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𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 𝗥𝗶𝘀𝗲𝘀 𝘁𝗼 𝟯.𝟲% The new inflation figures make for disappointing reading, suggesting that above-average inflation is sticking around for longer than originally thought, thereby delaying potential rate cuts from the Reserve Bank. The latest Australian Bureau of Statistics data show that, after inflation appeared to be falling at the end of last year, it’s since drifted higher: * Nov-23 = 4.3% year-on-year * Dec-23 = 3.4% * Jan-24 = 3.4% * Feb-24 = 3.4% * Mar-24 = 3.5% * Apr-24 = 3.6% The Reserve Bank is trying to reduce inflation to its target range of 2-3%. Until that happens – or, at least, until that seems imminent – the Reserve Bank is unlikely to reduce the cash rate. #economy #realestate #homeloans
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