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Inflation Tax Surges (Read 129 times)

Hung Uncut Black Muslim Jew

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Inflation Tax Surges
Oct 28^th, 2026 at 4:33pm

Inflation rate rises to 4.3 per cent in September, raising rate hike expectations

Australia's inflation rate rose more than expected in September, raising expectations of an interest rate hike next week.

The consumer price index rose to 0.8 per cent in the month, from 0.4 per cent in August, taking annual inflation to 4.3 per cent, up from 4 per cent a month earlier, the Australian Bureau of Statistics (ABS) said.

"Housing was the largest contributor to annual inflation in September, rising by 5.2 per cent," ABS head of price statistics Rachael McCririck said.

Transport also drove annual inflation higher, largely due to higher fuel prices, which rose 9.4 per cent in September.

The annual trimmed mean, a measure of underlying inflation, also picked up to 3.6 per cent in September. The August trimmed mean was revised lower to 3.5 per cent.

https://www.abc.net.au/news/2026-10-28/inflation-september-cpi-ahead-of-november...

Time for the RBA to get serious at lowering this inflation tax. Half a percent rise next week please !

Racist and Apartheid Zionism is a settler-colonial and ethnonationalist ideology, that privileges one ethnic group at the expense of all others.

Ban it in Australia

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Sophia

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Re: Inflation Tax Surges
Reply #1 - Oct 29^th, 2026 at 7:37am

Well….if all the greedy conglomerates stop raising prices which contributes to mandatory spending (rates, regos, insurance, and Telstra with their continual monthly hikes!)
There’s been a noticeable trend people have pulled their purse strings tight. Even fb marketplace has almost come to a grinding halt. People selling stuff have crossed off amounts with “free”.
We would sell car parts galore in past few years (Toyota spares) and now it’s gone very quiet! Some enquiries and ‘saves’ only.
I’m a shopper and I have pulled back in past few months to try and save.
I cook with bottle gas, heat the home with wood heater, to keep electricity costs low but alas, still we get punished and slugged with big greedy corporations that are the guilty ones raising inflation!!

This is an awkward time as Christmas and birthdays at this time of year hang over many of us.

Every year the reserve bank use this time of year to shove inflation in our faces!

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Bobby. Gold Member Offline Australian Politics Posts: 123126 Melbourne Gender:	Re: Inflation Tax Surges Reply #2 - Oct 29^th, 2026 at 7:40am The Reserve bank caused the inflation by printing $1 trillion dollars.
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Hung Uncut Black Muslim Jew

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Re: Inflation Tax Surges
Reply #3 - Oct 29^th, 2026 at 9:13am

Bobby. wrote on Oct 29^th, 2026 at 7:40am:

The Reserve bank caused the inflation by printing $1 trillion dollars.

Save in physical precious metals and/or privacy cryptos like Monero, where it's inflation rate is 0.86% and will only decrease over time.

Holding more than day to day requirements in $AUD is foolish. It's collapsing.

Racist and Apartheid Zionism is a settler-colonial and ethnonationalist ideology, that privileges one ethnic group at the expense of all others.

Ban it in Australia

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lee Gold Member Offline Australian Politics Posts: 21782 Gender:	Re: Inflation Tax Surges Reply #4 - Oct 29^th, 2026 at 12:25pm Hung Uncut Black Muslim Jew wrote on Oct 29^th, 2026 at 9:13am: Save in physical precious metals and/or privacy cryptos like Monero So what is the something solid behind crypto? Gold is solid, crypto is a chimera.
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Bobby.

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Re: Inflation Tax Surges
Reply #5 - Oct 29^th, 2026 at 2:22pm

Hung Uncut Black Muslim Jew wrote on Oct 29^th, 2026 at 9:13am:

Bobby. wrote on Oct 29^th, 2026 at 7:40am:

The Reserve bank caused the inflation by printing $1 trillion dollars.

That is risky too.

Why can't the RBA governor - Michele Bullock - just come clean
and tell us why she has printed $1 trillion and if she intends to print another $1 trillion ?
Whenever she makes a speech she talks gobbledygook.

Gobbledygook is wordy, pretentious,
or overly complex language that is meaningless, confusing, or difficult for the average person to understand.

Definition and Meaning

• Core meaning: Speech or writing that sounds important, official, or technical, but actually communicates very little or nothing at all.

• Common contexts: Frequently found in dense legal documents, corporate policies, academic papers, and bureaucratic red tape.

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