I covered the latest monthly inflation figures for ABC TV this week.
It's good news for consumers, with prices rising at a slower pace.
In fact, the CPI figures from the Australian Bureau of Statistics came in at 2.1 per cent for the year to May, lower than most economists had forecast (and down from 2.4 per cent the previous month).
Underlying inflation (what the Reserve Bank looks at when it is making decisions about interest rates) also fell, to 3.5-year lows.
A number of analyst notes hit my inbox as the afternoon wore on, with some economists changing their predictions for when the next rate cut will happen to July. 🏡
It seems financial markets are on the same page because they're pricing in a 90 per cent chance of a cut at the next meeting.
While the cuts are welcome relief for anyone with a mortgage, they could also lead to higher property prices.
Property analysts say we could see records smashed in the next year.
Meanwhile, where do you shop for groceries? 🛒
Consumer group Choice has tested a basket of 14 groceries and found Aldi is the cheapest supermarket.
You can read more about the average prices for your area here.
Speaking of grocery prices, you may have noticed the price of tomatoes has skyrocketed. 🍅
They're in short supply right now. This article covers what's causing the shortage and when prices might come back down.
I'd love to hear your tips for lowering your grocery bill. I'll share them in the next newsletter!
Are you a tradie?
It's important but hard work.
And many people who do manual labour physically can't keep working until they reach 67 (pension age).
So, should the retirement age be lowered for tradies?
Speaking of retirement, how often do you check your super account?
Apparently, most of us have no idea how much we've saved.
Here's why you should check in occasionally and how to do it.
Finally, do you like to sticky beak at the pay packets of the corporate elite? (I do!) 🤭
That's why I was interested to write about the salaries of the chief executives of Australia's largest listed companies.
It turns out the top leaders earn about 55 times the average worker's wage. 😮
Find out just how much they earn here.
Until next time, stay sensible!
Sensible Emily.
