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1.Market Observations, 8.Was Sticky

26 Oct 2017 (AFR) – Electricity rise holds up inflation – If not for poor government policies, inflation would be lower

(26 October 2017, AFR, p28, by Philip Baker)

‘Finally, there’s some good news for the Turnbull government and its botched energy policy. Without the spike in electricity prices in the third quarter there would hardly be any inflation at all. As it stands, the inflation rate is low enough to cause some concern – it’s now been below the Reserve Bank’s target band for eight straight quarters. But without energy price rises, and the mandatory taxes on tobacco and alcohol, it would have been even lower.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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