Budget day: Helping or hindering the inflation battle?
Tuesday 14th May 2024NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABIt is of course, budget day in Australia today. NAB’s Rodrigo Catril says government subsidies will help bring headline inflation down, but the rise in household spending could delay the slowdown in the underlying inflation rate. The speed at which inflation will fall continues to be the question on everyone’s lips around the world. For the US the PPI (producer prices index) will be watched keenly because it feeds through directly to the Fed’s preferred inflation measure. CPI…
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