© 2024 Umbrella Media

Is Australia’s inflation genie going to go back into its bottle?

According to the Reserve Bank of Australia (RBA) and Australian Bureau of Statistics (ABS) inflation is running at 7.8% (annualised) as the latest quarter ending December 2022, the fastest since March 1990. Given the RBA has an inflation target to keep consumer price inflation between 2–3% over the medium term, inflation is both uncomfortably high and unequivocally undesirable given the common-sense explanation that low and stable inflation is the basis for strong sustainable economic growth.

Sign In


Reset Password

Please enter your username or email address, you will receive a link to create a new password via email.