Business News

Now that Australia's inflation rate is 3.8%, is it time to worry?

Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society and NATSEM, University of Canberra

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Suddenly, Australia’s annual inflation rate is 3.8%, having jumped from 1.1% for the twelve months to March.

The June quarter jump follows a jump in the United States to 5.4% and a jump in New Zealand to 3.3%, sparking a debate between leading pundits such as former US treasury secretary Larry Summers and Nobel Prize winner Pau...

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