Sunday, August 14, 2022

Autralia's inflation also at 30 year highs

 Inflation is a global phenomenon now, driven by supply chain issues, oil and gas prices, war, covid stimulus in 2020, and climate change.  After allowing for the spike caused by the introduction of the GST (General Sales Tax) in 2000, inflation was last at these higsh in 1991.

As an aside, it's depressing that the Ozzie government (both main parties) refuses to fund the Bureau of Statistics adequately, so we are obliged to rely on a private sector body to calculate monthly CPI indices.  





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