Inflation Stacks Up

Inflation Stacks ⬆⬆⬆⬆⬆

A visual on what happens when inflation adds up over a few short years?

A 3%, 4% or 5% rise each year may not look too bad, but when it adds up year after year after year .. it is bad! (unless of course we're all earning more income - which we're not)

Cumulative inflation in Australia since 2020 is ~23.69%, based on Australian Bureau of Statistics (ABS) consumer price index data.

1️⃣ Purchasing Power: $100 in 2020 has the same buying power as $123.69 today (an increase of $23.69).

2️⃣ Average Inflation Rate: Prices have risen by an average of 3.61% per year between 2020 and 2026.

3️⃣ Value Loss: The Australian dollar has lost roughly 19.2% of its purchasing power over this period.

That's why the delicious pie at my local bakery has increased from $5.00 to $7.00 (well, that and the recent surcharge changes, too...)

We all get to have a part in this - do our best not to be fooled by marketing that makes us feel like we NEED to buy something rather than just WANT it!! (Government I'm looking at YOU)

Truly's advice, financial, wealth and property strategies are complimentary. We do this for the best interests of our clients and we relentlessly strive to serve as the best mortgage brokers in Australia with uncommon excellence!

James Brett. Principal Mortgage Broker ☎️ 0439 591 759

Victor Simone. Principal Mortgage Broker ☎️ 0449 659 029

Nermalee Bowe. Senior Mortgage Broker ☎️ 0431 274 554

Dragan Disljenkovic. BD & Relationship Manager ☎️ 0422 435 900

Credit Representative Numbers 521733, 550284 & 547037 are authorised under Australian Credit Licence 389328