Updating the rba index of commodity prices steve harvey dating game contestants
The inflation rate edged lower from the 2-1/2 year high in Q1, mainly due to a slowdown in cost of housing and transport.
I thought I would take the opportunity to talk to you about the implications of the resources boom for the Australian dollar.
The past decade saw the Australian dollar appreciate by around 50 per cent in trade-weighted terms Even though there was a significant increase in incomes and domestic demand over a number of years, average inflation over the past decade has remained within the target.
Also, growth has generally not been too far from trend.
This is all the more significant in light of the substantial swings in the macroeconomy that were all too common during earlier commodity booms.
In Australia, House Price Index measures weighted average of price movements for residential properties for eight capital cities: Sydney, Melbourne, Brisbane, Adelaide, Canberra, Hobart, Darwin and Perth.