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@sabby54 I do agree that I’m being very pessimistic (stated so in my OP!). I’m expecting the Q1 data to show mid to high 3’s personally. And then I’m expecting it to remain in the 3’s for the remainder of the year. But I’m happy to be wrong. I’d love a rate cut so that I can loosen my belt...

@sabby54 My numbers went back to 2000. Between 2000-2010, there were only 2 years where Q4 was higher than Q1. Between 2010 and 2020 Q1 was generally higher than Q4, albeit by a very small margin. Don’t get me wrong, Q1 may come in very low. I’m just not optimistic about it. The monthly data...

@sabby54 I’m not sure I follow… if they’re predicting cuts, what are they basing the prediction off? Predominantly inflation, right? I can’t imagine the RBA would cut rates if inflation wasn’t looking promising. For CPI to fall within the 2-3% range next quarter, the Q1 quarterly change would...

@sabby54 It’s the broadly held consensus that rates will be cut this year. It’s spruiked on this sub on a regular basis as well as by the media and economists.

@lindseym1013 checks comments By everyone, do you mean you?

@lindseym1013 Damn. Maybe you need to work on your self control then, because no one forced you to read it lmao. I also didn’t say it’s not an improvement. I said it’s not enough of an improvement.

@lindseym1013 Yes, if every quarter is 0.6%, then annualized it’s approximately 2.4% (it’s actually 2.42% due to compounding…). But since you didn’t read the rest of my post, every quarter isn’t the same, and historically Q4 is the lowest percentage change. Q3 2023 was 1.2%, the longer term...

I’ll preface this by saying I’m generally a bit of a pessimist (although I prefer to call myself a realist). With the latest quarterly data release, we’ve seen CPI drop to 4.1% YoY for the December quarter. This is obviously good news and is a 1.3% drop from the previous quarter. On top of...