Mark Bouris - Profile and Journalist Details
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Mark Bouris
Verified
Host, The Mentor with Mark Bouris
Sydney
Beats
environment, business race, politicsBreaking news, everything events, science
Content
By Mark Bouris| News.com.au Verified Did you know the cost of land, existing houses and interest costs aren’t counted in the consumer price index inflation statistic published by the Australia Bureau of Statistics? Yes, you read that right. The Reserve Bank of Australia uses the CPI statistic to make its decisions on interest rates. But the cost of land, existing houses and interest costs aren’t recognised in the CPI statistic. Instead, the CPI inflation statistic accounts for things like rent and the cost of building new homes.
By Mark Bouris| News.com.au Verified COMMENTEverybody assumes that the only way to kill inflation is high interest rates. It’s just not true. A lot of the inflation in the economy can be solved by common sense policy. Gas is a good example. Businesses and households right across the country are going broke because they can’t afford gas. That’s even though Australia is one of the world’s largest gas producers. It’s absurd. The problem is we export all our gas.
By Mark Bouris| News.com.au Verified Did you know the cost of land, existing houses and interest costs aren’t counted in the consumer price index inflation statistic published by the Australia Bureau of Statistics? Yes, you read that right. The Reserve Bank of Australia uses the CPI statistic to make its decisions on interest rates. But the cost of land, existing houses and interest costs aren’t recognised in the CPI statistic. Instead, the CPI inflation statistic accounts for things like rent and the cost of building new homes.
Company Info
The Mentor with Mark Bouris
New York, New York, United States
+1 888-227-5199