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Inflation may be falling fast with rates set to follow, but people like Ash and Rebecca are still struggling (www.abc.net.au)

submitted 9 months ago by Zagorath@aussie.zone to c/ausfinance@aussie.zone

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[–] dgriffith@aussie.zone 9 points 9 months ago* (last edited 9 months ago)

Prices have gone up due to past inflation. They're not going to go down just because the current inflation rate has plateaued.

So whoop-de-do, it looks like the year on year acceleration of inflation has been stopped. While that's good news on a macroeconomic level, it feels very much like a "Good news everyone! The crippling cost of living should now only slowly get worse!" kind of situation on a personal level.

Maybe easing of interest rates will balance that slow increase , but I sure as shit don't see any great improvement on everyday living for the average person on the horizon.