Vital Signs: Why we distrust the consumer price index
- Written by Richard Holden, Professor of Economics and PLuS Alliance Fellow, UNSW
Officially, our inflation rate is lower than at any time since the 1950s, but we've reasons for doubting it.ShutterstockOfficially, Australia’s rate of inflation is 1.9%.
It’s the lowest it has been on a sustained basis since the 1950s and early 1960s.
But try to tell that to anyone and they will laugh at you, or worse.
The Bureau of...
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