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fat chance of that.....none of those things mentioned are...

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mower159

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14/05/24

09:25

Post #: 73809598
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Originally posted by Cowboyinvestor: ↑

With the federal budget due to be delivered tonight, and the RBA nervously waiting in the background to see what effects the governments budget will have on inflation, the question has to be asked, is the government serious about curbing inflation?
Governments forecast on inflation =The forecasts, to be published in tomorrow night's federal budget, will show the consumer price index (CPI) is set to fall backunder 3 per cent by December 2024.RBA forecast on inflation =It's also a significant departure from the RBA's forecast, which has inflation increasing to3.8 per cent in December.

If the Government is serious about curbing inflation, the budget will have measures that targets
Fuel Cost
Rent/housing cost
Food Cost
Energy Cost

If the budget fails to appropriately target these soaring cost, then Australian's are looking down the barrel of further Rate rises, more Australian's in mortgage stress, more Australian's in mortgage delinquency, more record high business insolvencies, further worsening of the household disposable income situation, continued declining of Consumer and Business Confidence and the vulnerable being forced to choose between food or heating during winter.

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fat chance of that.....none of those things mentioned are included in their calculation of inflation....the real rate of inflation is around 10%...?
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fat chance of that.....none of those things mentioned are...

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fat chance of that.....none of those things mentioned are...

Top Stories

The market's shrugged at China's stimulus measures all year. Why is this one different?

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

ACCC seeks Olam divestments before its acquisition of Namoi Cotton can go ahead

Estrella first foreign entity to win tenements in Timor-Leste under new laws ahead of 2025 tenders

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

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