Equities bomb as investors are reminded of inflation
NAB Morning Call
00:00
Inflation Is a Thing, Ray.
In the uk, inflation has risen to nine%, driven in large part by lifting of off gem cap ona utility prices. But it just highlights the real hit to real incomes that a coming through. The wage price data for australia yesterday was pretty low, wasn't it? Nor point seven %, qarter on quarter, er. I know that's pretty much what the b a was expecting, isn't it? Well, as you say, we're not seeing any acceleration in in wagers, so assume we're not going to see any speed of rate rises.
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