Reposted by thisisnotgonnaendwell
My column on the latest inflation figures out today
thepoint.com.au/off-the-char...
thepoint.com.au
Petrol price surge sees inflation hit 4%, but yesterday’s rate rise won’t help
Inflation in August rose from 3.5% to 4.0%, which might make you think the RBA had a point in raising interest rates yesterday. The problem is that all of the increase was due to petrol prices.