{"id":421401,"date":"2026-01-18T15:03:16","date_gmt":"2026-01-18T15:03:16","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/421401\/"},"modified":"2026-01-18T15:03:16","modified_gmt":"2026-01-18T15:03:16","slug":"rba-to-hold-as-it-looks-through-new-energy-shock","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/421401\/","title":{"rendered":"RBA to hold as it &#8220;looks through&#8221; new energy shock"},"content":{"rendered":"<p>Let\u2019s take a look inside the new inflation spurt with Goldman charts.<\/p>\n<p>Goldman expects the ABS monthly trimmed mean will rise by 0.2% in December, resulting in a year-over-year gain of 3.2%.<\/p>\n<p>Goldman\u2019s prediction of a 0.91%qoq increase in the trimmed mean measure for the entire December quarter is slightly higher than the RBA\u2019s November SMP projection (+0.8%qoq).<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/Screenshot-2026-01-18-185231.png\" width=\"1120\" height=\"466\"\/><\/p>\n<p>Advertisement<\/p>\n<p>Goldman observes that in order to calculate quarterly growth rates, the quarterly trimmed mean will require prices from specific months for certain goods.<\/p>\n<p>Price changes in December will therefore impact the 4Q2025 trimmed mean in only a few CPI basket components.<\/p>\n<p>Goldman expects travel to be one of those, with airline prices up sharply.<\/p>\n<p>Advertisement<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/2-11.png\" width=\"728\" height=\"527\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>The runaway housing sector is where the real problem is; the renewed energy shock is driving housing construction prices up. Albo\u2019 rental shock has ebbed with disinflation ahead.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/4-6.png\" width=\"1415\" height=\"571\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>Advertisement<\/p>\n<p>Broader service inflation appears contained, as wage growth is expected to fall below 3%.<\/p>\n<p><img src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/01\/5-5.png\" width=\"733\" height=\"559\" decoding=\"async\" loading=\"lazy\"\/><\/p>\n<p>Basically, the RBA should, and in my view, will hold as the energy cost-push inflation ebbs into H2.<\/p>\n<p>Advertisement<\/p>\n","protected":false},"excerpt":{"rendered":"Let\u2019s take a look inside the new inflation spurt with Goldman charts. Goldman expects the ABS monthly trimmed&hellip;\n","protected":false},"author":2,"featured_media":421402,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,164],"class_list":{"0":"post-421401","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-economy"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/421401","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=421401"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/421401\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/421402"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=421401"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=421401"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=421401"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}