00:00Disability support pensioner Gail Deane has been priced out of many necessities.
00:07If I do buy an apple I'll cut it in half and have half today, half tomorrow.
00:12Things like meat, forget it.
00:14She'd like more help with the cost of living.
00:17When you hear politicians constantly saying,
00:20we understand people are doing it tough.
00:23Well, do they really?
00:25I dare one of them to live my life for a week with a disability and try and live off what I'm living off.
00:32Consumer prices rose 0.9% in the March quarter and 2.4% for the year.
00:38The RBA's preferred measure of underlying inflation is now within its target band.
00:44Over the 12 months food prices did accelerate by 3.2% driven by fruit, veg, meat and seafood.
00:52Rent hikes and insurance premium increases both eased but remain elevated,
00:57while building cost increases were restrained at 1.4%.
01:02And even though some state energy rebates are rolling off,
01:05electricity prices are still 11% lower than a year ago.
01:10Inflation has slowed. It doesn't mean that prices are actually falling.
01:14But there could soon be some relief for households and businesses.
01:19Underlying inflation is at its lowest level in more than three years.
01:23So financial markets and economists are forecasting a quarter of a percentage point cut
01:28to the official cash rate in May, with more to come.
01:32We see the cash rate ending at about 3.35%.
01:36So really only a 1% cut from peak to trough.
01:40Like many Australians, Gayle Dean will be keenly watching what the Reserve Bank decides
01:45when it next meets in May.
01:49So please put up a 2015 balance sheet and economy.
01:51So let's take a look at the amount of revenue,
01:53it's probably the biggest part of the åpulcle.
01:54So let's do this...
01:55So let's take a look at the same rate.
01:57It's probably what I saw from the Federal Reserve Bank.
01:59So let's take a look at the other aspect.
02:00So let's take a look at the other aspect.
02:02So let's go out the next slide.
02:03I hope you can see that the recession.
02:04So let's take a look at the top of this.
02:06We see where we are going to take a look
02:07and make some sleep in the mid-rangements,
02:08so let's take the same code.
02:10So let's take a look at the level of the dollar gap.
02:12So let's take a look at all the polarity.
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