The Federal Government could also cancel their annual 6%...

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WangChung

18,135 Posts.

251

29/02/24

11:15

Post #: 72665782

Originally posted by Scott th Ratbag ↑

{caption=left}Weighted average of eight capital cities, annual movement{/caption}

1 Nov 22 to Nov 23 % change Dec 22 to Dec 23 % change Jan 23 to Jan 24 % change

2 All groups monthly CPI 4.3 3.4 3.4

3 Food and non-alcoholic beverages 4.6 4.0 4.4

4 Bread and cereal products 8.3 7.7 7.4

5 Meat and seafood 0.2 -1.9 -2.0

6 Dairy and related products 6.1 5.2 5.0

7 Fruit and vegetables 0.7 -2.2 1.6

8 Food products n.e.c. 6.6 6.8 6.9

9 Non-alcoholic beverages 5.4 7.1 5.7

10 Alcohol and tobacco 6.4 6.8 6.7

11 Alcohol 4.2 4.6 4.5

12 Tobacco 10.5 10.8 10.7

13 Clothing and footwear -0.9 -0.8 0.4

14 Garments -0.4 -0.4 1.9

15 Housing 6.6 5.2 4.6

16 Rents 7.1 7.4 7.4

17 New dwelling purchases by owner-occupiers 5.5 5.1 4.8

18 Electricity 10.7 0.4 0.8

19 Gas and other household fuels 12.9 8.5 -1.4

20 Furnishings, household equipment and services -0.3 -0.3 0.3

21 Health 5.2 4.7 3.9

22 Transport 3.6 3.6 3.0

23 Automotive fuel 2.3 5.3 3.1

24 Communications 2.4 2.0 2.0

25 Recreation and culture 1.2 -2.4 -1.7

26 Holiday travel and accommodation -0.3 -9.1 -7.1

27 Education 4.8 4.7 4.7

28 Insurance and financial services 8.8 8.2 8.2

29 CPI analytical series

30 Seasonally adjusted 4.5 3.4 3.6

31 CPI excluding volatile items** and holiday travel 4.8 4.2 4.1

32 Annual Trimmed mean 4.6 4.0 3.8

inflation data released today shows where we are being hit with rising costs.

groceries and rent and insurance remain the primary causes of inflation.

insurances because the costs of extreme weather events is hitting the Insurance companies' bottom line and in order to provide some degree of security the companies need to remain profitable. groceries? well this has been the subject so ardently discussed that its become quite confused. and rents, because interest rates and insurances have hit landlords hard.

is any of this able to be reduced by Govt? what would Dutton do about rents, insurance or groceries? would the Libs put up wages or reduce taxation to the lowest paid (again) to address cost of living?

what should the Lab Govt do?

any suggestions?

Expand

The Federal Government could also cancel their annual 6% increase in their Heavy Vehicle Road User Charge.

This is pure inflation, as it flows through to every finished good or input that’s transported by road….which means just about everything.

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	{caption=left}Weighted average of eight capital cities, annual movement{/caption}
1		Nov 22 to Nov 23 % change	Dec 22 to Dec 23 % change	Jan 23 to Jan 24 % change
2	All groups monthly CPI	4.3	3.4	3.4
3	Food and non-alcoholic beverages	4.6	4.0	4.4
4		Bread and cereal products	8.3	7.7	7.4
5		Meat and seafood	0.2	-1.9	-2.0
6		Dairy and related products	6.1	5.2	5.0
7		Fruit and vegetables	0.7	-2.2	1.6
8		Food products n.e.c.	6.6	6.8	6.9
9		Non-alcoholic beverages	5.4	7.1	5.7
10	Alcohol and tobacco	6.4	6.8	6.7
11		Alcohol	4.2	4.6	4.5
12		Tobacco	10.5	10.8	10.7
13	Clothing and footwear	-0.9	-0.8	0.4
14		Garments	-0.4	-0.4	1.9
15	Housing	6.6	5.2	4.6
16		Rents	7.1	7.4	7.4
17		New dwelling purchases by owner-occupiers	5.5	5.1	4.8
18		Electricity	10.7	0.4	0.8
19		Gas and other household fuels	12.9	8.5	-1.4
20	Furnishings, household equipment and services	-0.3	-0.3	0.3
21	Health	5.2	4.7	3.9
22	Transport	3.6	3.6	3.0
23		Automotive fuel	2.3	5.3	3.1
24	Communications	2.4	2.0	2.0
25	Recreation and culture	1.2	-2.4	-1.7
26		Holiday travel and accommodation	-0.3	-9.1	-7.1
27	Education	4.8	4.7	4.7
28	Insurance and financial services	8.8	8.2	8.2
29	CPI analytical series
30		Seasonally adjusted	4.5	3.4	3.6
31		CPI excluding volatile items** and holiday travel	4.8	4.2	4.1
32		Annual Trimmed mean	4.6	4.0	3.8

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