ello (@piers)

Analysis: "Rents rose 6.6% in the year to November, the cost of building a new home rose 2.8%, health care increased 3.9% and insurance premiums jumped 5.5%. "Indeed, Shadow Treasurer Angus Taylor continues to focus attention on services inflation and the damage it's doing to household budgets. "'And services inflation indeed is above 4%,' he said. 'And all of this tells us that the government has been playing games. It's seeking to hide inflation, but we know underlying inflation is not where it needs to be. Now you don't need to tell any Australians that. They know it. They see it in the bank account, they see it when they go to the check-out, they see it when they have to pay their bills. "'They are suffering.'" David Taylor, ABC #ABS #RBA https://www.abc.net.au/news/2025-01-09/at-least-one-hurdle-to-clear-february-rate-cut/104797334