MLC

Australia’s high inflation is troubling

Inflation remains above the Reserve Bank of Australia's target range, continuing to place pressure on household budgets. Rising costs across food, healthcare, housing and energy are contributing to ongoing cost-of-living challenges, while global events and higher fuel prices add further uncertainty. With inflation remaining persistent, there is also the possibility of further interest rate increases in the months ahead.

A message from MLC's Chief Investment Officer

Share markets in March fell faster and deeper than at any time since the 1930s, yet the US S& P 500 Index closed the June quarter about 20% higher than it began, its best quarter run since 1998. Over the same period, the global and Australian share markets also recorded double-digit gains, and are now not far off their mid-February highs.

Click here to read the thoughts of MLC’s Chief Investment Officer.