looking inside the Australian inflation quarter on quarter

Posted: April 22, 2015 in Uncategorized

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%

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