A reflection on the source of domestic inflation - housing Housing is now contributing more to Australian inflation than every tradable good and service combined.
Australia’s inflation data now tells two quite different stories August’s inflation shock came from fuel. But beneath the headline, three-quarters of Australia’s annual inflation contribution remains concentrated in non-tradables.
Chalmers Has One Point, Fuel Did Explain More Than 100% of August CPI Rise One component added more to August CPI than the entire CPI actually rose. The detailed ABS numbers explain how.