With the rise in inflation as Australia’s economy struggles with re-opening and supply chain problems, each release of the Consumer Price Index (CPI) generates headlines and political debate. But the CPI doesn’t necessarily provide a full reading of price pressures: depending on who you are, and what you buy. In this column published in the Guardian Australia, Greg Jericho (new policy director for the Centre for Future Work) dissects several measurement issues related to this most-watched economic statistic.
Jericho shows that inflation measurements can very widely for different types of household. Those with limited incomes (including government benefit recipients), who spend more of their income on ‘non-discretionary’ items, face an especially large threat to their real living standards as inflation picks up.
See Greg’s full column, “With inflation on the rise, Australia’s cost of living will dominate the election debate,” in the Guardian Australia.
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
Analysis: Will 2025 be a good or bad year for women workers in Australia?
In 2024 we saw some welcome developments for working women, led by government reforms. Benefits from these changes will continue in 2025. However, this year, technological, social and political changes may challenge working women’s economic security and threaten progress towards gender equality at work Here’s our list of five areas we think will impact on
The continuing irrelevance of minimum wages to future inflation
Minimum and award wages should grow by 5 to 9 per cent this year
Go Home on Time Day 2024: Exposing the $91 billion rip-off smashing exhausted Aussie workers
Despite new Right to Disconnect laws coming into force earlier this year, new research reveals Australians are still working an average five weeks’ unpaid overtime each year.