Phil Parisi

It's the Mike Hosking Breakfast with Bailey's Real Estate, your local experts with national and global reach.

News Talk ZB.

I can smell the burning rubber.

Yeah.

My concern with the social media thing this week and for the election given this year is

No, you've got to do the song, not the beginning.

Well done.

The Mike Hosking Breakfast with Bailey's Real Estate.

Your local experts with national and global reach.

Oh, well, it is.

And you look at, well, there are three things, actually.

You forgot about the auction clearance rates on the back of the federal budget.

Now, that's really, really gone soft.

You mentioned inflation and unemployment.

On the first blush of the figures, you think, oh, that's going pretty well.

The headline inflation rate, as you say, was down in May.

But you strip out things like the volatility of federal prices, and that's what the Reserve Bank looks at, the underlying inflation measure, they call that,

I mean, everything else is going up.

Rent is going up.

Education, eating out.