Ryan Bridge: Our economy is still in the wilderness

Best of Business · Jan 23, 2025 · 2m · transcript

So we have an inflation number, which is better than not knowing, but it doesn’t tell us much.

2.2 percent for the year to December, no change from the quarter before it and crucially non-tradable inflation, the stuff we should have more control over domestically is sticky at 4.5 percent.

Two main problems here, one for us and one for the Government.

If the exchange rate keeps tanking, the stuff we buy from the rest of the world - like fuel and food - will get more expensive. And if that stuff gets more expensive, you know what that means, more inflation.

Add that to your sticky domestic…