Due to the Russian invasion of Ukraine, the global inflation rate reached 7.97% in 2022, a significant increase from 3.47% in 2021.
Australia, under a Liberal government, kept inflation to 6.1%. Not a bad result, compared to the world average.
The 2025 Australian Federal Election has … Read the rest
Australian Inflation Rate in October 2022.
The annualised inflation rate in Australia has reduced to 6.9% at the end of October 2022. The rate at the end of September 2022 was 7.3%.
Inflation rates are now being released on a monthly basis.
Annualised Inflation Rates:
6.9% October 2022.
7.3% September … Read the rest
Australian Inflation Rate in September 2022.
Inflation in Australia has remained at the same rate this quarter, as it was in the previous quarter.
This is still remaining lower than the 2.1% in the March 2022 quarter.
The Consumer Price Index (CPI) rose 1.8 per cent in the September 2022 … Read the rest
The Australian Bureau of Statistics is going to release a new monthly CPI Indicator. This is an addition to the current quarterly CPI Inflation Figures.
Australian Statistician Dr David Gruen AO said “This new monthly CPI Indicator will provide a timelier guide to inflation in … Read the rest
A comparison of Australian inflation against inflation in the G7 countries.
Statement on the Economy July 2022.
The new Treasurer, Jim Chalmers, in a major economic statement to the Australian parliament, has warned that Australians must be prepared to take some “tough medicine” in the coming months to avoid recession and worsened living standards.
A few snippets from the treasurers Ministerial … Read the rest
This comparison of the Australian Inflation Rate, against other countries, shows how Australia managed to keep inflation lower than others, over the last year.
Over the twelve months to the … Read the rest
Anthony Albanese is blaming Scott Morrison for “plummeting” wages following the latest release of the wage price index, showing an annual wage increase of 2.4% to the March quarter.
The current rate of inflation is 5.1%.
Other countries with similar issues are blaming issues arising from the … Read the rest
This comparison of the Australian Inflation Rate, against other countries, shows how Australia managed to keep inflation lower than others, over the last year.
Over the twelve months to the … Read the rest
Monthly CPI indicator showing the Australian annual inflation change at the end of each month.
Jan-21 0.4%
Feb-21 1.1%
Mar-21 0.8%
Apr-21 2.5%
May-21 3.3%
Jun-21 3.5%
Jul-21 2.1%
Aug-21 2.5%
Sep-21 3.1%
Oct-21 3.0%
Nov-21 3.1%
Dec-21 3.4%
Jan-20 2.7%
Feb-20 … Read the rest
