Inflation restarts in September quarter

28 October 2020

 

Summary: Inflation restarts in September quarter after deflation hits June quarter; RBA preferred measure also back in positive territory; childcare main driver of result; result generally expected by economists, seen as “one-off”.   In the early 1990s, entrenched inflation in Australia was broken by the “recession we had to have” as it became known. Since then, core consumer price inflation has averaged around 2.3%, a little below the midpoint of...

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