Podcast Appearances
But, you know, I'm fully with you with the camping.
Love it.
It always feels like the packing doesn't take too long, but for some reason when I'm unpacking, it feels like I packed twice as much stuff as what I thought I did.
The unpacking just seems to take forever.
You know, frustrating after you've had a good weekend away to unpack.
If I could get somebody else to do that, that'd be handy.
But, you know, pleased to hear it went well because it's a cool thing to do.
I'm fully on board.
Keep in mind that their inflation target is over the medium term, so they're allowed to so-called look through little spikes in inflation for various different things.
Yeah, I mean, for me, headline number 3.1% inflation in the year to Q4 last year.
So above the Reserve Bank's target, only slightly, but still above.
You know, they've got that 1% to 3% target band over the medium term.
So yeah, definitely not ideal.
It was higher than what the Reserve Bank had been anticipating.
don't have the luxury of revising their forecasts every week or month or whatever that some of the bank economists can do so in the meantime the bank economists had actually raised their forecast so you know it wasn't it was pretty much in line with what bank economists have been saying but that was after they had made revisions so um either way you know still above that target as i say the uh the non-tradable inflation so you sort of more domestically based stuff it was three and a half percent now
That was unchanged from Q3, but 3.5%, still not ideal.
It's above that 1-3% target band.
And tradable inflation, your sort of imported type stuff or stuff made here that competes with imports, went from 2.2% to 2.6%.
So that's where the overall increase came from, was that tradable component increase.