The general consensus about the latest CPI is that it provides the Reserve Bank of Australia room to reduce interest rates should that be required if the economy slows further.
But what interested me in the latest figures was the different components of the CPI and the large increases in the cost of things that really matter to Australians on an ongoing basis.
Sure it's great to be able to buy cheaper goods from overseas, but prices of essential items have increased disproportionately in comparison.
Over the last year, housing, health and education have all increased around 6 per cent, compared to an average price increase of 2.5 per cent.
But what interested me in the latest figures was the different components of the CPI and the large increases in the cost of things that really matter to Australians on an ongoing basis.
Sure it's great to be able to buy cheaper goods from overseas, but prices of essential items have increased disproportionately in comparison.
Over the last year, housing, health and education have all increased around 6 per cent, compared to an average price increase of 2.5 per cent.
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