Inflation hasn't been higher for 32 years. What now?
- Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society, University of Canberra
ShutterstockInflation jumped from 5.1% to a new long-term high of 6.1% in the June quarter, a rate matched only by short-lived jump caused by the introduction of the goods and services tax, and not exceeded since 1990.
With the exception of the introduction of the GST, it’s the furthest inflation has been from the Reserve Bank’s 2-3%...
