00:00 For the first time, we've seen annual wage price index growth above inflation in quite
00:07 a while.
00:08 So that means that households are now getting past the point where their purchasing power
00:14 was being significantly eroded by inflation, their wage growth is picked up to match it.
00:20 We think as inflation continues to decline, households purchasing power will actually
00:24 continue to improve as well.
00:26 And that seems to be showing up in households' confidence.
00:31 Confidence has started to pick up because inflation is coming down, wage growth is stronger,
00:36 we're getting closer to tax cuts and we're probably getting closer to rate cuts as well.
00:40 All that bodes better for the household sector.
00:42 [BLANK_AUDIO]
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