Supply-side inflation with tight labour and falling sentiment. Input costs rising while consumer willingness to pay is declining.
A hand-picked cross-section: the four corners of Australian demand, the inputs that move margins, and the early-warning gauges that move first. Hover a card's connections to see why it's here.
RBA Cash Rate
4.35%
-
Drives ← Fed Rate
Drives → AUD/USD
RBA · 02-Jun-2026 11d ago
Unemployment
4.49%
▲ 4.9%
from 4.28%
ABS
Consumer Confidence
-20.0
▼ 99.9%
from -8.0
FRED · 2026-04-01 2mo ago
AUD/USD
0.7133
▼ 0.7%
from 0.7181
Yahoo Finance
ASX 200
8,786
▲ 0.7%
from 8,724
Yahoo Finance
Fed Rate
3.63%
▼ 0.3%
from 3.64%
Drives → RBA Cash Rate
Drives ← CPI Index
FRED · 2026-05-01 1mo ago
CPI Index
332.4
▲ 0.6%
from 330.3
FRED · 2026-04-01 2mo ago
VIX
15.77
▼ 1.7%
from 16.05
FRED · 2026-06-02 11d ago
Bitcoin
US$65,363
--
CoinGecko
Wtf happened
↓ Economy grew just 0.3% last quarter. Data centres did the lifting, mostly imported 0.3%
↓ Per person, the economy went backwards -0.1%
↑ Award wages rising 4.75% from July 1 +4.75%
↓ House values flat nationally. Sydney and Melbourne now falling 0.0%
↓ Auction clearance rate slid to 51% -1.2ppt
↓ Brent fell to ~$97 on a ceasefire that isn't signed -6%
Why I care
The economy grew last quarter. Barely. 0.3%, down sharply from 0.9% the quarter before.
Almost all of it came from one thing. Building data centres.
What I'd keep an eye on Withheld · client editions only
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