interest up 25 basis points, page-51

Club_sharer, I agree with your sentiments, but I just do not see inflation as a problem yet.

All the data I can see points the other way, just look at the CPI. The biggest contributors were housing and alcohol and tobacco.

Now you and I both know that the government has recently added taxed to alcohol and tobacco and also pumped billions into the property market, both of which are now irrelevant looking forward.

Houses prices have flat lined and looking at the Housing Finance and Building Approvals they may even go in reverse, if not in nominal it will be in real terms.

Then have a look at Labour Price Index, the growth for the private sector is at the lowest level in years.

Consumer Price Index
http://www.abs.gov.au/ausstats/[email protected]/PrimaryMainFeatures/6401.0?OpenDocument

Housing Finance
http://www.abs.gov.au/ausstats/[email protected]/mf/5609.0

Lending Finance
http://www.abs.gov.au/ausstats/[email protected]/mf/5671.0

Building Approvals
http://www.abs.gov.au/ausstats/[email protected]/mf/8731.0

House Price Indexes
http://www.abs.gov.au/ausstats/[email protected]/PrimaryMainFeatures/6416.0?OpenDocument

Labour Price Index
http://www.abs.gov.au/ausstats/[email protected]/PrimaryMainFeatures/6345.0?OpenDocument