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How can I tell how much inflation is affecting me?

There are several ways to tell how much inflation is affecting you as an Australian investor. One way is to simply keep track of  the change in prices of the goods and services that you regularly purchase.

Another way to measure inflation is to use a widely recognised price index, such as the Consumer Price Index (CPI). The CPI is a measure of the average change over time in the prices paid by consumers for a basket of goods and services. The Australian Bureau of Statistics (ABS) publishes the CPI for Australia on a quarterly basis. You can use the ABS website to view the latest CPI data and see how it has changed over time.

It’s important to note that the impact of inflation can vary widely depending on your specific circumstances. Some people may be more affected by increases in the price of certain goods and services than others, depending on their consumption patterns and income level. It’s also worth noting that inflation can have different effects on different types of investments. For example, some investments may be more sensitive to inflation than others, so it’s important to consider this when making investment decisions.

“To be a good trader, you need to trade with your eyes open, recognise real trends and turns, and not waste time or energy on regrets and wishful thinking.” – Mark Douglas

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