The Australian inflation rate is actually…

Peter Esho, Wealthi Co-Founder caught up with Ausbiz TV yesterday to talk about the future for interest rates here in Australia (watch video above). In today’s report, inflation came in better than expected, printing at 6.1% for the year compared to estimates of 6.3% and some fears that it could even hit 7%+. It's time to settle down. Key components were housing, fuel and imported goods like furniture but all of these have moderated in recent months. Shipping costs out of China have been falling, so getting that BBQ outdoor set or new lounge for Christmas might not be as expensive as first thought.

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