Gavin Friend

speaker

7,937 appearances 60 recordings 1 series first heard Sep 2024 last heard 2 Sep

Gavin Friend’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 29 in all, peaking in Oct 2025 with 5.

Appearances

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NAB Morning Call · Chalmers, Starmer and Calmer · 12 May 2026 podcast

Labour costs rose. matched

To 1.7%. matched

So I don't think markets will be terribly surprised by the main points of the survey. matched

Confidence still remains pressured, understandably, and conditions are worsening. matched

With prices going up, that's going to be the way we are for matched

Indeed, and that's what they're finding. matched

Up to now, they've been able to do that. matched

The question is to what extent going forward. matched

No, and the expectation is for a 0.8% rise. matched

Q1Q taking annual growth to around 3.3%. matched

A further 5% uplift to early childhood wages, which took effect back in December, I think it was, is expected to provide a modest boost in the quarter, adding about another five basis points to aggregate wages. matched

leaving the kind of risks, I guess, overall skewed to a 3.4% annual outcome. matched

And then matched

Well, yeah, I think the core is the one that always, you know, captures the limelight. matched

And there were some notable misses there. matched

You know, it has been benign, as you say, 0.4, 2.8% year on year from 2.4. matched

Higher energy prices, obviously the big overall driver in the headline gasoline prices up just over 5% on the month. matched

That added about four percentage points to the headline food prices. matched

I think we've all been bracing for that, but they jumped 0.5% on the month. matched

Food at home from minus 0.2% to up 0.7%. matched

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