Coles is pressuring suppliers to lower prices before facing a senate inquiry. The supermarket cites reduced fuel and freight costs as reasons for potential price reductions. RBA's Kohler expects labor market adjustments through reduced work hours and easing wage pressures in certain sectors. Inflation is predicted to return to target levels by 2026. Australia's services price inflation, as highlighted by Marion Kohler of the Reserve Bank, is anticipated to gradually decrease.
Australia’s services price inflation remains high and is only expected to cool gradually, according to Marion Kohler, head of economic analysis at the Reserve Bank https://t.co/5INKQDjD9I
Australia’s services price inflation remains high and is only expected to cool gradually, according to Marion Kohler, head of economic analysis at the Reserve Bank https://t.co/CiCKfHXRtQ via @economics
Australia’s services price inflation remains high and is only expected to cool gradually, according to Marion Kohler, head of economic analysis at the Reserve Bank https://t.co/CbDTv0nuOG
🔴 RBA'S KOHLER: I EXPECT MUCH OF ADJUSTMENT IN LABOUR MARKET TO HAPPEN VIA DROP IN AVERAGE HOURS WORKED.
🔴 RBA'S KOHLER: I'M SEEING SIGNS OF EASING WAGE PRESSURES IN SOME INDUSTRIES, PARTICULARLY IN BUSINESS SERVICES.
🔴 RBA'S KOHLER: MOST LABOUR MARKET INDICATORS STILL LOOK TIGHT RELATIVE TO HISTORICAL NORMS.
🔴 RBA'S KOHLER: I INFLATION IT TO RETURN TO TARGET RANGE IN 2025, AND TO THE MIDPOINT IN 2026.
🔴 RBA'S KOHLER: SEEING SIGNS OF EASING WAGE PRESSURES IN SOME INDUSTRIES, PARTICULARLY IN BUSINESS SERVICES.
Coles has begun pressuring suppliers to cut their prices ahead of a senate grilling of supermarket bosses next month. The grocery giant is now arguing cheaper fuel and freight are giving factories some breathing space to start winding back price hikes. https://t.co/59ISrPVwGl https://t.co/3dpIsGTERY