Our vitality issues are past the federal government’s instant management however its plans in one other space of excessive inflation will make issues worse.
Whereas vitality costs have instantly grabbed the, um, imaginations of political commentators, and the vexed challenge of whether or not a world vitality worth spike brought on by the most important battle in Europe in 75 years is a damaged promise by Jim Chalmers, there are nastier issues on this week’s inflation figures for the September quarter.
Particularly, housing development prices.
New dwelling costs rose 3.7% within the quarter alone, for an annual rise of over 20%. The three.7% was really a fall from the June quarter, as a result of the residential development sector began weakening beneath the lash of RBA charge rises.
Learn extra concerning the dire housing scenario.
Already a subscriber? Log in to maintain studying.
Or, register your e mail tackle for a FREE 21-day trial.