Tag: inflation
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Albanese Government fails to tame inflation
Q2 Inflation figures confirm the Albanese Government has failed to tame inflation. Consumer prices grew by 1% in the quarter, increasing inflation to 3.8%.Core inflation is 3.9%. This is well above the Reserve Bank’s target and above both the Reserve Bank and Treasury’s forecasts. Inflation impacts everyone – it means higher prices, higher interest rates…
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This week is pivotal for the Australian economy.
On Wednesday, the Australian Bureau of Statistics (ABS) will release the Q2 CPI inflation figures, which will determine whether the Reserve Bank of Australia (RBA) will raise the official cash rate at its 6 August meeting. Monetary transmission in Australia is far more sensitive than in comparable nations, owing to its globally high share of…
JANE AGIRTAN INDEPENDENT 