PPRuNe Forums - View Single Post - Inflation now 4% !!!!
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Old 27th Jul 2006, 23:35
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Like This - Do That
 
Join Date: Dec 2001
Location: Great Southern Land
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Some things in the RBA's 'basket' fell in price; not everything went up. But I suspect the things we 'want' to have are the things that went down, and the things we 'need' to have keep going up.

I agree with Vee Won Kutt, I thought most of us had more or less stopped buying bananas? We bought 3 nanas last week - what a guilty pleasure!

One thing to keep in mind about the cost of houses ..... only about 1/3 of households are paying a mortgage. Another thrid rent and the last third own outright. So the cost of houses in the RBA's 'basket' is discounted in terms of its influence on inflation.

Still, it doesn't help this little black duck. Sydney sized mortgage, child care, running 2 petrol fuelled vehicles out of necessity ..... mebbe it's time to lock in our rate too.
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