Australia's largest stock trading and investment forum Australia's #1 stock forum

Inflation Jumps In May, page-92

First 92 Last

Share
Profile

Follow
TheCapatilist

4,521 Posts.

112

27/06/24

08:41

Post #: 74502724
Share
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.

Expand

The RBA should have gone harder, sooner!
6 Upvote

Reply

Top Stories

CYM

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

TBN

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

CCO

The Calmer Co’s Anthony Noble reflects on record breaking FY24

LLC

Lendlease sells off US east coast construction operations in latest global divestment push

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

HLX

Helix investor makes partial takeover bid, proposing board changes

VYS

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

HVN

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

PYC

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

There are more pages in this discussion • 20 more messages in this thread...

First 92 Last

Inflation Jumps In May, page-92

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Lendlease sells off US east coast construction operations in latest global divestment push

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Helix investor makes partial takeover bid, proposing board changes

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Featured News

Featured News

Inflation Jumps In May, page-92

Top Stories

WA Nifty copper project steps closer to restart with Cyprium Metals inking $40M loan from Glencore

Consumer Staples Shine Amid Retail Slump – Key Stocks to Watch

Tamboran kicks off Shenandoah South pilot project with SS-2H well spud

The Calmer Co’s Anthony Noble reflects on record breaking FY24

Lendlease sells off US east coast construction operations in latest global divestment push

Week 35 Wrap: HotCopper’s top watched; ‘iron ore winter’ has started; Oz inflation @ 3.5% MoM; Harris fracking flip

Helix investor makes partial takeover bid, proposing board changes

Vysarn acquires Waste Water Services Pty Ltd for $7.5M; WWS to become subsidiary as expansion continues

Consumers cautious according to Harvey Norman, as profit slumps 35% in FY24

PYC achieves key designation for drug aiming to treat blinding eye disease ADOA

Featured News

Featured News