00:05The relentless pinch to the hip pocket nerve.
00:09Nearly $5 for a bottle of water in the fridge.
00:13Seems like a bit much.
00:14Definitely fruit and vegetables, yeah, without a doubt, and meat.
00:19Australians are feeling price pressures across the economy.
00:22Inflation remained steady at 3.8% in the year to January, but the measure the Reserve Bank
00:28looks at went up.
00:29Electricity bills surged 32% as government subsidies were wound back.
00:34Rents also rose and the cost of building new homes accelerated.
00:39And food and non-alcoholic drinks prices also increased, helping the nation's biggest
00:44supermarket produce a bumper profit.
00:47The Woolies boss admits some prices have gone up.
00:51Of course there are examples where commodities will increase, so meat pricing is an example
00:57of that right now where meat and land pricing has increased.
01:01Inflation remains a thorn in the government's side.
01:04I take seriously my responsibilities in the fight against inflation.
01:07We have made good progress on the budget, but we know that there's more work to do,
01:12and that's the government's focus.
01:13Under this government, the Albanese government, we have persistent inflation, fuelled by debt.
01:20The Reserve Bank says it wants inflation at 2.5%, in the middle of its target band.
01:25These latest figures are well above that.
01:27For home borrowers, it's a double whammy, now facing rising prices and the prospect of
01:32another interest rate hike as early as next month.
01:35ANZ Research still expects that we're one and done for rate hikes, although today's data
01:39does raise the risk a little that we will see further rate hikes necessary.
01:44Another potential pressure point for already tight budgets.
01:48why I don't see it again?
01:48When jogar is the incentives, it stops driving the multiple-space respiratory units.
01:49It is happening at a degree that VMatic caps can see here in the graphics record,
01:49it isn't�то as tall as you could predict the risk of the world.
01:50Not fair enough, you have to verify that there is very different 얘기,
01:50you have to worry about the system that looks like you're into the deepudex.
01:50Just a bit more, you're free to avoid reading lists,
01:50This means it looks like buying a ancientvantage package for a dinosaurikum Depot.
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