Business
‘Far from normal’: Record drop in inflation signals weakness in economic recovery – The New Daily
Australia’s leading measure of inflation has suffered its largest-ever quarterly fall as a result of massive government support measures.
Australias leading measure of inflation has suffered its largest-ever quarterly fall as a result of massive government support measures.
Although that means lower prices for cash-strapped families, it also points to underlying weakness in our economy.
The ABS Consumer Price Index (CPI) recorded a 1.9 per cent drop in the three months to June 30 as the effects of federal governments free child care and record-low petrol prices flowed through to consumers.
It was the single largest drop ever …
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