EPISODE 18 of the Burgernomics Podcast.
Your Monthly Budget. Will inflation make it explode?
Cherelle Murphy Chief Economist Oceania EY and Burgernomics host Ross MacDowell discuss Your Monthly Budget. Is Inflation About To Make It Explode?
Every economists nightmare is the 1930’s black & white photo of German women stuffing her stove with banknotes to boil the kettle. Inflation had made her banknotes worthless. Now, after decades of almost no inflation, inflation is back and lots of Australians are wondering how inflation will affect them. Cherelle & Ross discuss
how inflation is measured
local & international issues contributing to inflation
the Reserve Bank & Federal governments toolkits to control inflation
the dramatic effect on the average Australian home mortgage
forecasts of where interest rates are headed
wage growth and the wage/price spiral
the possibility of stagflation
Cherelle takes the Burgernomics test, applying the effects of inflation to our simple hamburger, not just from an economists viewpoint but also as a mother with two young hamburger eating children to cater for.
