With conditions in the US economy currently ripe for pass-through of higher wage costs to consumers, the upside ahead in wage inflation points to the prospect of higher core CPI inflation.
It's a hardware issue. It's completely unrelated to the worm.
You have to go with what the data says, so this result is disappointing for the contribution of net exports to GDP in the quarter.
We are already at the top end but I think the market is a little edgy in front of the CPI number.
Export values for minerals just look too low to us. It may be underestimated or just that the full effect from higher contract prices hasn't fed through yet, though it's been a few months now.
The rest of the world is paying very high prices for Australia's mineral and energy exports while import prices, excluding oil, have barely risen over the past few years.
This will take us to the next level, so you as a customer can have access online, to be able to do more business with us without coming to the office. That's what we're gearing for in this next contract.
The pick up in house price inflation since mid-2005 has the potential to provide further positive impetus to consumer spending in the months ahead.
Looking further forward, we are expecting slower growth in the quarters ahead as a softening housing market starts to dampen consumer spending growth.
Like a traffic accident when lanes are closed, it does take a while to get everything moving up to speed again.
