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Inflation Jumps In May, page-92

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TheCapatilist

4,376 Posts.

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27/06/24

08:41

Post #: 74502724
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Originally posted by It investor: ↑

I think there are a number of issues.
Immigration is causing rent and house prices to rise significantly.
The rise in population is increasing government spending in order to keep infrastructure up to date, also supply and demand changes are impacting prices.
Fuel prices are a significant factor as it contributes to all prices as a component of freight as well as our own personal use. Government benefits from this. They could remove some excise to ease cost burdens
Prices could increase significantly in July as that is when most companies do salary reviews, review their pricing and spend money that becomes available in their new budgets. Many people also receive tax refunds and spend them.
Government spending is significant. The federal budget would be inflationary to me. We are in a cycle where cost of living is increasing so government is now using cost of living measures to relieve pressures, which is now increasing inflation as people have more available. It is a cycle that while necessary from humanitarian requirements needs to be broken.
Some states like Qld are also inflationery. The temporary electricity rebates, 50 cent transport, and sporting vouchers will help in a very short term, they do not change underlying costs and will have an impact on inflation.
The cost government controls such as energy are out of control.

The government needs to look at cost of living as a priority, rather than as a side issue.

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The RBA should have gone harder, sooner!
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First 92 Last

Inflation Jumps In May, page-92

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

ASX Market Open: ASX200 to rise for Friday session | July 26

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

Nine's staff strike as Paris Olympic coverage begins

IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

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Inflation Jumps In May, page-92

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Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

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