Inflation isn't the 6.1% they say it is – for many of us, it is much lower
By Ben Phillips, Associate Professor, Centre for Social Research and Methods, Director, Centre for Economic Policy Research (CEPR), Australian National University
We learnt last week inflation is officially 6.1% – way above the average over the past 20 years of 2.5%. This is right in the middle of the Reserve Bank’s 2-3% target band.
But although the rate is now 6.1%, not everybody faces it. It depends on what you buy.
Read complete article
© The Conversation
- Wednesday, August 3rd 2022