The CPI Numberwang Continues…

The latest from the ABS on CPI to June 2022. Overall 6.1% but non-discretionary at 7.6%, so poor households are getting hit hardest. Some one-offs, especially in NSW helped lower the number too. We need monthly data and a better basis of calculation to avoid the Numberwang game!

Go to the Walk The World Universe at https://walktheworld.com.au/

Author: Martin North

Martin North is the Principal of Digital Finance Analytics

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