Inflation in Australia

Posted: August 10, 2017 in Uncategorized

I found this interesting study from Deutsche Bank that shows that the bulk of the inflation in Australia came by public sector influenced industry –

An average surge of 27% over 5 years from childcare costs, utilities, health and education.

The private sector contributed a mere 5%.

The issue of this inflation is that the government induced inflation cannot be escaped and makes you feel poor .

The Government inflation basket is a sum of parts (Australian inflation + international imported good – deflationary in this period) – so they can still say truthfully that on average there is low inflation.

Unfortunately you are not buying a TV set a month, but you are paying your bills monthly.

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