Why $6 pizzas, weak GDP and shrinking savings add to RBA’s puzzle
The savings that fuelled Australia’s post-COVID splurge are running out. But will weak GDP and a slowing economy be enough to change the RBA’s mind on rates?
Perhaps the most curious result out of the consumer sector during the February reporting season was surely that of Domino’s Pizza Enterprises. With cost-of-living pressures mounting, you would think that struggling households would flock to the group, where large pizzas from its value range are as cheap as $5.99.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
