The Inflation Picture Darkens, As The Property Market Stalls…

The outlook for inflation ahead is getting more concerning, as the lasting impacts of the closure of the Straits of Hormuz, plus the recent budget announcements, and the already higher for longer bond rates merge with the existing pattern of inflation lodged about the RBA’s target range, before this all comes home to roost. Meantime, we are seeing more signs of the property market faltering. Of course inflation erodes real wages and puts more pressure on households, something which we have been tracking for some time via out surveys, but now we need to consider the implications of higher costs, […]