Sky News Business Editor Ross Greenwood says annual inflation for the December quarter is at 7.8 per cent, up from 7.3 per cent previously.
Sky News Business Editor Ross Greenwood says annual inflation for the December quarter is at 7.8 per cent, up from 7.3 per cent previously.“But what’s happened is a range of different factors have affected the price of goods during that, not only quarter, but over the past 12 months.
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Supermarket prices surge 9.2 per cent in December quarterNew figures show the price of groceries at Coles and Woolworths has jumped by more than nine per cent in the December quarter across 60,000 different products. Fruit and vegetable prices plateaued in the last quarter, while dairy and meat prices continued on an upward trajectory.
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Market ‘pensive’ ahead of December quarter inflation figuresCommSec’s Tom Piotrowski says the markets could be reasonably forgiven for being “pensive” ahead of the December quarter CPI figures to be released later this morning. Mr Piotrowski said the market is set to kick off with a “slight loss” this morning. “We had a reasonable improvement yesterday, we were up by a little under a half of one per cent – markets could reasonably be forgiven for being a bit pensive ahead of the fourth quarter CPI figures which will be released later on this morning,' he told Sky News Australia. Presented by CommSec.
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Inflation increase expected with release of December quarter CPI figures todayAustralia's Consumer Price Index figures for the December quarter will be released today. Headline inflation is expected to increase to 7.5 per cent year on year – up from 7.3 per cent in the September quarter, the highest since 1990. The trimmed mean is tipped to come in at 6.5 per cent – up from 6.1 per cent in the previous quarter. Economists expect the figures to result in further interest rate rises from the RBA.
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Media ‘refuse’ to cover Alice Springs crime because of the ‘original sources’Sky News host Paul Murray says the media are refusing to cover the issue of crime in Alice Springs “because of the sources that are telling the original story”. “They’re dismissing it because it’s The Australian; they’re ignoring it because it’s Sky News; they’re pretending it’s not real because it’s 2GB,” he said. “This will lead to half of the country not trusting the news.” Mr Murray said the Northern Territory has seen “an explosion in crime” after alcohol restrictions were eased in the state, yet the media refuse to cover it “at a time when the conversation is about Indigenous Australia”. “What does it say about the collective brain of the Australian news media, that supposedly they care about Indigenous people, but they won’t cover a story of a government decision in Darwin that has let the grog flow that now means crime is affecting everyone in the heart of Australia?”
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