Playing Inflation Chicken With Wonky Monthly Data

Digital Finance Analytics (DFA) Blog

Dec 13 2023 | 00:06:47

00:00 / 00:06:47

Show Notes

You will recall that Australia’s October monthly CPI indicator from the Australian Bureau of Statistics came in below market expectations at 4.9%/yr (versus the consensus of 5.2%/yr). There were a number of factors which messed with the data, as I discussed in a previous show. According to CBA, other surveys also suggest that trimmed mean CPI in Q4 23 is unlikely to be stronger than the RBA’s ~1.0%/qtr forecast. But these monthly numbers are flaky, because the critical services price movements are not captured until the quarterly series which is due out in January. As I discussed in my earlier […]

Other Episodes

Episode 0

October 22, 2021 • 00:59:26

The Inter-generational Property Meat Grinder: With Leith van Onselen

Leith van Onselen writes for MacroBusiness as the Unconventional Economist. Leith has previously worked as an economist at the Australian Treasury, Victorian Treasury and...

Episode 0

November 15, 2023 • 00:08:35

Oooch! Wages Up, But Still Below Inflation!

Australian wages accelerated at the fastest pace in over 14 years in the three months through September and reached the Reserve Bank’s forecast peak,...

Episode

March 25, 2024 • 01:06:12

Its Edwin's Monday Evening Property Rant!

Another important discussion with Edwin Almeida, our property insider. Not only has the price of coco tripled ahead of Easter, but listings are down,...