Today Australian core inflation data came at +0.6% matching estimates – and leaving space for a cut to interest rate ( property price bubble permitting).
The interesting thing is actually the data within the data,….and explains why you feel always poorer that such a meagre increase.
Non tradable inflation (local food and restaurant, utilities, rent…all that is domestic inflation) +2.6%
Tradable (imported clothing, televisions and white goods, cars – everything non Australian) -0.9%
Even in more detail
tertiary Education +5.9% (!!)
Domestic Holidays +3.5%
Fuel -12%
Fruit -8%
investorpolitico 