Inflation jumps in October, adding to pressure on government to make budget savings
- Written by Stephen Bartos, Professor of Economics, University of Canberra
Annual inflation rose to a 16-month high of 3.8% in October, adding to pressure on the government as it seeks to make savings across the public sector.
When governments, whether Commonwealth, state or local, increase spending it adds to inflation. Opinions differ on whether Commonwealth spending makes a significant difference. Opposition finance...
