According to Australia's official Monthly CPI Indicator, prices for food & non-alcoholic beverages rose 3.5% over the 12 months to March 2024, the same rate as the overall Indicator.
Elevated price inflation for food & non-alcoholic beverages has been a global phenomenon over the last three years. However, food price inflation in Australia over the period did not reach the peaks experienced in most comparable countries.
$S&P/ASX 200(.XJO.AU$
Elevated price inflation for food & non-alcoholic beverages has been a global phenomenon over the last three years. However, food price inflation in Australia over the period did not reach the peaks experienced in most comparable countries.
$S&P/ASX 200(.XJO.AU$
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If Woolies ( $Woolworths Group Ltd(WOW.AU$ ) and Coles ( $Coles Group Ltd(COL.AU$ ) were gouging as politicians claim, we would be seeing bumper profits and booming share prices. They make about $2.50 per $100 we spend – that’s it, end of story….Politicians blatantly lie about everything – you should know that by now.
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$Woodside Energy Group Ltd(WDS.AU$ All the hedge fund fools shorting $WDS this morning 🤣🤣🤣🤣🤣🤣
$Rio Tinto Ltd(RIO.AU$ Strategic Report suggests $1.2bn spend on greenfield projects in Copper and Lithium
ArtieZiffsCat
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It will come under 3% this year.
Interest rates are a blunt instrument and they take time to work.
The ABS commentary points kind of points out things are going in the right direction. I suspect retail sales will falter and growth will remain anaemic
“The monthly Consumer Price Index (CPI) indicator in Australia stood at 3.4% in the year to February 2024, unchanged from the previous two months, and below market expectations of 3.5%. Still, the latest reading pointed to the lowest since November ...
Interest rates are a blunt instrument and they take time to work.
The ABS commentary points kind of points out things are going in the right direction. I suspect retail sales will falter and growth will remain anaemic
“The monthly Consumer Price Index (CPI) indicator in Australia stood at 3.4% in the year to February 2024, unchanged from the previous two months, and below market expectations of 3.5%. Still, the latest reading pointed to the lowest since November ...
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CATL, the worlds' biggest battery producer and China's biggest battery maker (37% global market share) is scaling up production and has found a way to charge a battery in 10 minutes and is working on reducing charging times further.
- CATL is working on faster charging batteries for Tesla $Tesla(TSLA.US$ as Elon Musk looks to roll out new EVs for under $25,000.
-Ford $Ford Motor(F.US$ and CATL'...
- CATL is working on faster charging batteries for Tesla $Tesla(TSLA.US$ as Elon Musk looks to roll out new EVs for under $25,000.
-Ford $Ford Motor(F.US$ and CATL'...
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The Westpac Melbourne Institute Consumer Sentiment Index fell 1.8% this March to 84.4 points, compared to a rise of 6.2% in the prior month.
For context, the Westpac Consumer Sentiment Index measures the change in the level of consumer confidence around recent economic activity. On the index, a level above 100.0 indicates optimism; below indicates pessimism (Investing.com).
For March, consumers remained negative over the economic out...
For context, the Westpac Consumer Sentiment Index measures the change in the level of consumer confidence around recent economic activity. On the index, a level above 100.0 indicates optimism; below indicates pessimism (Investing.com).
For March, consumers remained negative over the economic out...
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ArtieZiffsCat
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If you haven't heard, ex US president Donald Trump has merged his media company, Trump Media, with Technology Group - who own Truth Social.
This new combined company will trade on the Nasdaq exchange when the market opens under it's new ticker new ticker symbol, DJT — Trump’s initials.
$Trump Media & Technology(DJT.US$
This new merger could add billions to Trump's net worth, but there are also plans for the social media networ...
This new combined company will trade on the Nasdaq exchange when the market opens under it's new ticker new ticker symbol, DJT — Trump’s initials.
$Trump Media & Technology(DJT.US$
This new merger could add billions to Trump's net worth, but there are also plans for the social media networ...
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ArtieZiffsCat
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• Top gainers: $Premier Investments Ltd(PMV.AU$, $Breville Group Ltd(BRG.AU$, $De Grey Mining Ltd(DEG.AU$
• Top losers: $Sandfire Resources Ltd(SFR.AU$, $Arcadium Lithium PLC(LTM.AU$, $Seven Group Holdings Ltd(SVW.AU$
Australia's $S&P/ASX 200(.XJO.AU$ closed 0.4% lower at 7780.2, weighed by weakness in shares of its largest miners and banks. Shares in nine of the 10 largest companies by market capitalization lost ground as t...
• Top losers: $Sandfire Resources Ltd(SFR.AU$, $Arcadium Lithium PLC(LTM.AU$, $Seven Group Holdings Ltd(SVW.AU$
Australia's $S&P/ASX 200(.XJO.AU$ closed 0.4% lower at 7780.2, weighed by weakness in shares of its largest miners and banks. Shares in nine of the 10 largest companies by market capitalization lost ground as t...
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ArtieZiffsCat
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There’s not a huge amount of top-tier data this week, which will also be cut short to four days due to the long Easter weekend. Of course, the standout event domestically is the monthly CPI report. The RBA still deem inflation as “too high” so softer figures will be welcomed, but we really need to see falling inflation alongside a notably weaker jobs market before we can get too excited about RBA cuts, I my opinion.
The fact is that in...
The fact is that in...
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