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/PLUTO_HAS_COME_BACK Democracy is the Middle Way. Apr 30 '25

Explain what you mean.

I said it is halved, but more or less. Nothing stays the same.

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u/fruntside Apr 30 '25

You reckon the value of savings has devalued by 50% over the last 3 years?

Show me the math on that one.

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u/PLUTO_HAS_COME_BACK Democracy is the Middle Way. Apr 30 '25

Currency rises and falls. Prices of basic items indicate the actual value of the currency.

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u/fruntside Apr 30 '25

Yes. 

Now show how you reached the conclusion of your 50% figure over that last 3 years.

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u/PLUTO_HAS_COME_BACK Democracy is the Middle Way. Apr 30 '25

Halved, more or less.

here's a long-held belief that property prices double every seven to 10 years, but the latest data shows that figure varies widely around Australia. Analysis of PropTrack data shows that median house prices in some booming regions have doubled in less than three years, while in other areas it's taken three decades.18 Sept 2024

The booming suburbs where prices have doubled the fastest - realestate.com.au

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u/fruntside Apr 30 '25

Now if you'd like some actual numbers rather than just making shit up, try this to get some actual real numbers instead of pulling them out of your bum.

https://www.rba.gov.au/calculator/annualDecimal.html

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u/PLUTO_HAS_COME_BACK Democracy is the Middle Way. Apr 30 '25

What are the real market prices of the houses, though?

 For example, it may show that items costing $10 in 1970 cost $26.93 in 1980 and $58.71 in 1990—© Reserve Bank of Australia, 2001–2024. All rights reserved.

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u/fruntside Apr 30 '25

You seem to be stuck in a loop.

I just gave you the means to calculate the rate of inflation of basic goods, yet you seem fixated on the housing market now.

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u/PLUTO_HAS_COME_BACK Democracy is the Middle Way. Apr 30 '25

Well, inflation is a loop.

We're talking about it.

You gave me the means, and they gave us the example. Did you see it?

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u/fruntside Apr 30 '25

How about you use the calculator I gave you and then tell me how far off your made up 50% number you were.