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Inflation Rates 101

inflation 101 hallam jones (1)

Increased inflation basically means that your dollar isn't worth as much as it was. The Reserve Bank likes to see only a gradual percentage increase of 2% per annum, currently, it's a lot higher than that. In fact the highest it's been for a long time.

It's due to many things, but some major factors are:

  • Fuel prices. Those fuel costs are passed on to the consumer in the price of food, transportation and EVERYTHING else.
  • The cost of housing, from new builds to rents, and exacerbated by the shortage of materials.
  • All made worse from the fallout of Covid the war in Ukraine and a tight labour market.
  • One way to combat inflation which can affect almost all of us is the increase in interest rates - watch this space!

Want to find out more? Simply give Mark Jones a call on 0800 404 202 or send him a message

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