Guardian
•It’s time for the RBA to admit its fears of a wage-price spiral were misguided – and cut interest rates | Grogonomics
Summary
Nutrition label
72% Informative
The latest wage price index figures revealed that in the past year private sector wages rose 3.5% , down from 4.1% in the June quarter .
That is the biggest one quarter fall since the GFC in 2009 .
The Reserve Bank ’s concerns about a possible wage-price spiral were total and utter crap.
Since March 2022 the cost of repaying a mortgage has increased 155% ..
VR Score
75
Informative language
74
Neutral language
15
Article tone
informal
Language
English
Language complexity
37
Offensive language
possibly offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
External references
8
https://www.datawrapper.de/_/q6vJS/https://www.datawrapper.de/_/KFu0R/https://www.datawrapper.de/_/iQBT7/https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/selected-living-cost-indexes-australia/sep-2024#key-statisticshttps://www.datawrapper.de/_/G3dGi/https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/wage-price-index-australia/sep-2024#key-statisticshttps://www.brookings.edu/articles/covid-19-inflation-was-a-supply-shock/https://www.datawrapper.de/_/Rjjqy/
Source diversity
3
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