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@pedrito Well Jan23 to Mar23 all had very high YoY inflation so by that logic you’d expect Q1 inflation to drop off too? I think you are being overly pessimistic. Whatever way you cut the data, the most likely outcome is lower inflation this quarter than last, probably somewhere either side of...

@pedrito It only needs to be about 0.4% to hit 3%, that’s not that low compared to pre-Covid figures. 0.2% Mar-15, -0.2% Mar-16, 0.5% Mar-17, 0.4% Mar-18, 0% Mar-19, 0.3% Mar-20. I think it’s more likely to happen in Q2, but Q1 is certainly plausible given how quickly the economy is cooling and...

@pedrito They are predicting rates will be cut in the second half of the year, not that they will be cut based on 2023 CPI data. CPI should fall within the target range by mid-year, perhaps as soon as this quarter. That’s when cuts will come into play. What happened last year won’t be relevant...

@pedrito You’re fighting a straw man there. Who is saying the RBA is going to drop rates?

@dhr Consumers aren’t buying cows and sheep, they’re buying beef and lamb. The retail price is what is relevant, the wholesale price is just one factor in determining that (processing costs, transport, storage, margin etc).

@oliviagold We already have a tax on the use of these roads. It’s called fuel excise.