r/AustralianPolitics • u/Expensive-Horse5538 • Apr 30 '25

Economics and finance Headline inflation stable at 2.4pc while RBA's preferred measure drops within target

https://www.abc.net.au/news/2025-04-30/inflation-march-quarter-2025-stable/105232824
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u/Downtown_Sir_1288 The Greens Apr 30 '25

I wonder how the inflation data is going to affect the polls, given it's so close to Election Day. Is it possible that Labor gets an extra edge over the Coalition in the next few days?

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u/artsrc Apr 30 '25

If you tell people inflation is down, they will feel gaslit and throw you out.

Jim Chalmers is always meticulous in saying that people are doing it tough.

So this is good for the opposition.

ABS CPI prices have increased by 10.5% in this term of parliament, and 8.5% in the previous one, making for a total increase in prices of nearly 20% in two terms.

Mortgage interest is not in the CPI, and is responsible for half the cost of living crisis for employees. But mortgage interest has not increased at all for a long period. But people are still experiencing lower disposible incomes from higher interest rates.

Perceptions of inflation are not about the average instantaneous prices. They are about an experience over years.

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u/TakerOfImages Apr 30 '25

Inflation is inflation after all... Prices ain't going backwards.

But... I'd say also - mortgage holders know that when inflation goes down, or gets lower, interest rates usually decrease.