‘Bad news’: Monthly inflation rise has ‘big implications’ for the RBA

[@r.d.alverson9684]

Ban foreign ownership of land.

[@agnosticpatriot]

If that’s done how would labour help Chinese to destroy Australia?

[@vincewant6325]

@@agnosticpatriotits not the chinese buying everything sorry to say mainly Indian now. Check local hospitals major influx incoming. And check a bloke named Pk Gupta buying up an putting rents up high.

[@teatree6228]

@@agnosticpatriotwow Target a race specifically. White australia policy again?

[@teatree6228]

Chinese but australians too, mate.

[@vernonwhite4660]

The governments are the major spenders. So of course it will increase 😮

[@river8083]

Global Reset as designed…

[@thelamington8195]

Labor can’t be trusted to run a Bunnings BBQ Fundraiser, let alone our economy. I hope every Labor supporter has Voter’s Remorse.

[@jjsc4396]

Remind me again genius - who introduced negative gearing and property cap gains concessions?

[@ayfj4572]

So are the Libs, same cheeks of the same arse.

[@two_tier_gary_rumain]

@@jjsc4396 Paul Ramrod Cheating. The pump-priming, banana republic loving, recalcitrant.

[@1arritechno]

There are Labor supporters out there , that "still don't get it" , they treat Politics like a footy team - remaining faithful forever. The current Labor is NOT like the Labor of old... It runs on Woke & Green driven agendas & is blind to its " mistakes "...

[@briananderson7285]

Stop voting for the uniparty.

[@robertlayton7004]

100% policy has driven this

[@davidburden2360]

99% correct

[@kurjan1]

Creating jobs..? Bullshit!

[@gregs8086]

Inflation is far higher than this. Checked your insurance bills lately, up 25%

[@gmaximosis]

yes i think they average over all products, but the products in high demand, the ones people need, have risen way beyond their 4% figure

[@philmelb1022]

Correct they fudging the numbers.

[@briananderson7285]

Actually inflation is around 17% in the old money.

[@wefsux]

Vote of no confidence in the govt ????

[@briananderson7285]

Vote One Nation, not the uniparty.

[@briananddianehardy8598]

Welcome to Albo & Jimbo economics

[@ian-qi5ho]

result of kockdown money printing

[@paulmessenger9836]

Rubbish government spending is out of control

[@AnarchistBogan]

Anthony “recession” Albanese

[@user-di9id5nh1p]

Warren Hogan is a sensible voice of reason

[@nevilleabbott2330]

If RBA jacks rates again, albo and his government are toast

[@livefree7005]

Let RBA raise rates

[@agnosticpatriot]

Thanks to albo we are nearing third world status.

[@adiintel1]

😂 exaggerate more please.

[@user-yw1rp4rj4u]

because giving more money to bankers has always saved the world…..

[@briananderson7285]

Saved the banks destroying the people.

[@oanna1979]

I’m not surprised at all. Every other week we still get suppliers increasing prices. Plus come July, wages and super increases. Guess what’s next, we got to increase our prices for consumers so the business can survive. Round and round we go. There is no future in hospitality 😢

[@MeditateMeHigher]

The Doughnut guy is doing pretty well in the Illawarra, he said he's opening his 8th Doughnut store😮

[@peterthepan3133]

We are the ONLY G10 country where inflation has risen in past 6 months. There is something not quite right in AUS, all these increases are domestic related and nothing to do with global issues, a lot of price gouging is taking place and for what other reason other than greed and profit.

[@testicool013]

Because they are still shipping in immigrants in record numbers

[@muzzleflash1]

Home brand tissues are up 105% since March 2020.

[@homebrandrules]

.

[@muzzleflash1]

@@homebrandrules Hey, inflation is only 3%. My photos must be wrong on tissues, bread, sugar, milk and many more items.

[@PLAYER2035]

Immigration is to blame

[@ian-qi5ho]

partly

[@desertwind666]

no.

[@ian-qi5ho]

@@desertwind666 yes

[@testicool013]

@@desertwind666100%

[@patrickhenry7721]

Are all immigrants counterfeiters or something? Not sure I see the connection.

[@markgamble568]

Not sure where they get these numbers from. Everything I buy is up 10 - 15%. - Internet power, food.

[@Mark-wt7xl]

More Australian's be living on the streets 😢, thanks Labor.

[@user-yw1rp4rj4u]

most of us knew our latest pay rise, will go straight to either banks or landlords….

[@caveyful]

Don't forget tax and being pushed past family benefit and medicare thresholds.

[@tradetech7889]

The days of record low interest rates are over! GET USED TO IT! Its now the time for savers not those who took on way too much debt thinking the 2 DECADES of low rates would continue. Time to pay the piper

[@nikakiskainourgios2227]

Australia shouls ask for a loan from Zelensky.

[@philmelb1022]

Why are we being attacked by Indonesia?

[@roostercogburn1984]

thanks clueless Labor

[@ian-qi5ho]

money printing during lockdown

[@desertwind666]

yea not really Labor at all champ, RBA could have gone higher, libs could have spent less prior to inflation.

[@testicool013]

@@desertwind666nut labor insisted the LNP weren’t spending enough during COVId

[@downtoearth1950]

🤔😒😡 my insurances jumped by over 30%

[@MeditateMeHigher]

Hot water with ZionistORIGIN jumped 60% from last 3yrs same dwelling type! Fking thieves really bad bad corporate BULLIES! Albonese needs a bull...it!

[@paulanderson6545]

Aust, has Inflation out of cobtrol... AUD Bond Rates lifted today over 4% in a day

[@stanlyqbrick1621]

As a small business person i can say we are in a recession. My figures have never been so bad. But there is so much manipulation at the top end that a cloak is held over people eyes. This means we are going to hit the ground very hard.

[@user-me9jr2yi2i]

Stop the government spending

[@SmartDumbNerdyCool]

I need handouts though.... on one hand the economy.... the other my back pocket... Back pocket wins

[@jj913]

This is the only economist with some sense in this country

[@batmanlives6456]

Bowen’s energy plan demonstrated as totally WRONG

[@stgnsw]

Wow really , I'm shocked 😂

[@billy77511]

Start staying home for a bit Stop spending people!!

[@1arritechno]

@billy : That will only increase small business Bankruptcies,, it's the Billions that the Fed Government is wrongly spending , printing AND giving away with careless abandon,,, their Agenda is more important than the Economy....

[@martino2794]

Why is the government and RBA so demonstrably incompetent?

[@marciakuss5341]

They invest in war and Blackrock forcing taxpayers to pay for their losses. Inflation is caused by the overspending of politicians. Fire the ones elected and cause this chaos.

[@wefsux]

Like every other corporate scam in this company

[@smoochie3331]

Typical fox news viewers think inflation only happens in their country.

[@Diponty]

@@smoochie3331 Yes it is global! Thanks to global misspending by global misfits that run everything (into the ground)

[@DJ-yj1vg]

It's not the RBA's fault. They are simply doing their job. It's because the Labor Party pumped too much money into the economy with all their spending. Over $200b additional spending compared to last year. Plus the electricity / gas grid is a mess. The more they push renewables into the grid, the higher the cost..

[@beagleboy111]

Interest rates need to be higher than inflation to bring it down at the moment its no where near it. RBA needs to get Gonads and lift rates.

[@andrewhinde6048]

500 billion printed on a cold 1 million migrants all by design

[@BetAgain2]

Double digit interest rate is the only way to manage inflation.

[@caveyful]

Of course. Albo just sold a property and he wants maximum return on his cash.

[@vincewant6325]

Looks like 5.6% maybe required to slow this train down now. They needed to go to 4.85 4 months ago now have missed the boat. Brace all

[@SmartDumbNerdyCool]

Phillip Lowe was fine. I'd prob prefer trust him than this one.

[@glennbarton8265]

Of course it's going to rise in June. It's the end of the tax year

[@prescientselector3784]

Why is it that “energy costs” feature in every increase, and yet the government keeps saying that renewables are “the cheapest form of energy” ? If that is true, when and where ?

[@1arritechno]

Renewables : claimed to be "cheapest form of energy" has to be the biggest lie of our time. When everything is factored in ; Solar & Wind on the Grid , is one of the most expensive in trying to make it 24/7 Base Load Power..!

[@kerrybarnes7289]

so much for getting back to 2% inflation

[@GreyManTheory]

Dnt worry Australians, tax break and $300 off your electricity bill. Be happy

[@Diponty]

It isn't 300 dollars off your electricity bill. The give the 300 dollars to the energy supplier. Then they (after fees and other hidden charges) give you the remainder. Do you think they are going to process this 300 bucks for free?

[@pommygeezer9309]

You just wonder how they'll get that money (dbl) BACK in the near future.

[@GreyManTheory]

@Diponty Well, I guess being sarcastic is out of the question for oneself. Obviously dude

[@wyatthurts1729]

Can I have the 300 dollars to invest instead of it going towards my power bill

[@speedbird8326]

Inflation up. Fantastic news. Hoping for a couple of rate hikes by the end of the year. Given Albonocchio’s incompetence it looks likely !!

[@livefree7005]

Keep voting labor to maintain the current state of the economy

[@Hope-bc9yg]

ALL BY DESIGN

[@user-df8ke2qc2x]

Fantastic

[@user-yw1rp4rj4u]

Transport companies are still not making any money.

[@lindsaysinclair8858]

How bout instead of increasing rates. Increased super contributions or larger GST. So it affects more than a 3rd of the population

[@philmelb1022]

No that would hurt devestated everyone. Glad your not out treasure.

[@jennymills3147]

Domestic inflation reflects Domestic monetary policy.

[@ian-qi5ho]

and fiscal policy in 2020-21

[@Pophead.]

Warren is always right

[@lukei6255]

Obviously high interests dont stop inflation. So what next?

[@testicool013]

Stop immigration

[@davidburden2360]

If the rich gave only $1M each it would solve this

[@fellowship8083]

It just does not look good.

[@user-pf3wg5by3k]

0.25-0.5 to stop this rise 0.25-0.5 to compensate the energy rebate and tax cuts 0.25-0.5 to change the dynamic I expect at least 0.75 to 1.5 percent rise

[@chuckmaddison2924]

Not as much as implications for the average Joe with a family.

[@MP-ky8sr]

there is more inflation comming price of services are now catching up to inflation. and more import duty you put on china more inflation comes

[@josephgee143]

INFLATION HAS THE RIGHT TO DEFEND ITSELF. DON'T BE ANTI-INFLATIONISTS.

[@LeonValencia-yf5cd]

HELLO, BY BREAKING NEWS, DID THE RBA OF AUSTRALIA MAKE THE INVESTOR HAPPY FOR A FEW COMING MONTHS UNTIL DECEMBER 2024_/

[@user-vb2bq4jl8q]

Foreign home buyers increased. I can’t even effort to buy a two bedroom apartment in Brisbane anymore.

[@briananderson7285]

High inflation during a period of recession causes stagflation.

[@vladimirkravets9103]

Pushing an excuse why the rates will rise next time the RBA meets. Look for correlation with other world events to understand why.

[@mr_jdes]

Please point me in the direction of this demand…… this guy is off his head! 🤪

[@brendanduda1493]

He was one of the very few who called all 14 rate hikes, and was calling this rate hike we are now about to have months ago, Would seem like he knows more about whats going on than the RBA!

[@jeremymills5399]

Timing is perfect for the tax cuts… the shame is that prices have gone north in anticipation of what we don’t already have. Electricity prices weren’t mentioned but the reduction as a result of the budget gift back has already been factored into increases. Fantastic that the money was given directly to the suppliers. Rort at best.

[@jerrywong5960]

Is RBA or Labor Party going to have the final say on the interest rate?

[@wyatthurts1729]

Send working families into mortgage stress to somehow lower the inflated cost of goods and services?

[@philmelb1022]

Yep that's how economics work.

[@wyatthurts1729]

@@philmelb1022 lowering income tax would help and immediately

[@teatree6228]

Bullock wants to be kind

[@joeyvill]

I want a pay rise! I DESERVE A PAY RISE.

[@Luke_Stoltenberg]

Did you say fucking *MONTHLY* inflation is 4.0%? Bloody hell, I'll never be able to afford to go home

[@lovechineseforever9434]

NO CHINESE MONEY HELPING YOU BUDDY

[@brettharrison2133]

Tis a bloody Carousel economy Round and around we go spinning faster we all giddy and sick yet😮😂

[@jaytang8192]

As geo-political drives the change of costs, there is little the interest rate can do. Increasing the rate will increase the living cost. If you think the inflation can be controlled by increasing the rate. I think you are not fool but evil.

[@richardcarey169]

😂😂😂😂 excellent

[@alwayswinning3743]

Plenty of work out there, the problem Is people don't want to do the type of jobs that are out there - sad really because to money Is money

[@QuanNguyen-jc1wm]

Nuclear makes it worse 😆

[@rabidsminions2079]

The RBA should seasonally adjust the figure down to 3.2 they love seasonally adjusting figures like the BS unemployment figures.

[@philmelb1022]

So u like more fudging of the figures.

[@Diponty]

Inflation isn't a big deal. You can tell by the amount of comments. No one cares. Vote Labor. We need to bring back the interest in inflation.

[@vmura]

f ers

[@prancer4743]

It’s been a 100% what he predicted 🤔👀😳🫣 well done 🙏

[@0401412740]

No choice all suppliers increased their prices.

[@wrfuplease1131]

Give me a break this is a part of the plan and they will stick to the agenda.

[@pommygeezer9309]

Who's agenda??

[@wrfuplease1131]

@@pommygeezer9309 The WEF agenda it's still on the table happening all over the world

[@user-im9ju4hx8s]

@@pommygeezer9309World Economic Forum has an agenda,you will,own nothing and be happy,that is Klaus Schwabs agenda.