We've been importing deflation and exporting inflation.
More Quotes from Michael Workman:
Looking further forward, we are expecting slower growth in the quarters ahead as a softening housing market starts to dampen consumer spending growth.Michael Workman
The rest of the world is paying very high prices for Australia's mineral and energy exports while import prices, excluding oil, have barely risen over the past few years.
Michael Workman
With conditions in the US economy currently ripe for pass-through of higher wage costs to consumers, the upside ahead in wage inflation points to the prospect of higher core CPI inflation.
Michael Workman
Export values for minerals just look too low to us. It may be underestimated or just that the full effect from higher contract prices hasn't fed through yet, though it's been a few months now.
Michael Workman
This will take us to the next level, so you as a customer can have access online, to be able to do more business with us without coming to the office. That's what we're gearing for in this next contract.
Michael Workman
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