Aussie inflation nowhere

Via the ABS comes the CPI:

Jun Qtr 2020 to Sep Qtr 2020 Sep Qtr 2019 to Sep Qtr 2020
Weighted average of eight capital cities % change % change
All groups CPI 1.6 0.7
Food and non-alcoholic beverages -0.4 3.4
Alcohol and tobacco 1.6 8.1
Clothing and footwear 0.4 -0.5
Housing 0.0 -0.2
Furnishings, household equipment and services 12.0 -0.1
Health -0.1 1.0
Transport 3.4 -4.0
Communication -0.8 -3.3
Recreation and culture 1.1 -0.7
Education 2.1 1.0
Insurance and financial services 0.1 1.6
CPI analytical series
All groups CPI, seasonally adjusted 1.5 0.7
Trimmed mean 0.4 1.2
Weighted median 0.3 1.3

Total nothing burger. No price pressure anywhere except taxes in smokes and booze.

David Llewellyn-Smith

Comments

  1. If the ABS is after some inflation they should look at pets. I’m hearing of people paying $9 grand for a groodle puppy in Sydney.

    QoQ increase in furniture is quote big and likely to revert the annual trend next quarter. Anyone shopping for furniture (online) will note prices ain’t cheap.

  2. Shipping costs have sky rocketed! Bought a new internal gear hub from the uk.
    Hub, 85 pounds. Shipping 45 pounds.
    International and even domestic freight is costing a fortune.

      • Jumping jack flash

        this and this.

        bought a couple of items for my caravan from eBay and delivery time was quoted at 2.5 months!

        I guess they’re getting tired of all the “item didn’t arrive” claims and then it shows up a month later.

        I think something is definitely going on with the UK though because I looked at a couple of items for my car, door trim and such, and the shipping was more expensive than the item.

    • Someone ElseMEMBER

      It took 11 weeks to get a couple of high temperature pumps out from Canadia. Little 24v jobbies that pre-rona only took a max 2 weeks.

      The supplier said he was having the same-ish blowout in times to everywhere.

  3. Jumping jack flash

    10 years of interest rate cuts for this!? Seriously? Its not very good.

    If I didn’t know any better I’d say that the whole interest rate manipulation experiement that ran for the past 20 years was a total failure after the wheels fell off halfway in.

    come on RBA. You need to find that missing inflation.

    They seek it here, they seek it there. They need to look under their noses. Check out the bank profits, you may just find what you’re looking for.

  4. I spent my last ten dollars on birth control and beer
    My life was so much simpler when I was sober and queer
    But the love of a strong hairy man has turned my head I fear
    And made me spend my last ten bucks on birth control and beer

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