Normal
The annual inflation rate for August comes in at 6.8%.This is down from the 7% in July.Good news we think inflation has peaked.Not so fast.From ABC NewsWith the addition of fuel excise back into fuel, there is a 28 cents a litre increase from now until the next time they dump it.So it will be difficult to see other items decreasing sufficiently to overcome the fuel excise inflationary boost.The ABC blotted their copy book with the last statement of the report.I could have sworn they started increasing rates since May.Mick
The annual inflation rate for August comes in at 6.8%.
This is down from the 7% in July.
Good news we think inflation has peaked.
Not so fast.
From ABC News
With the addition of fuel excise back into fuel, there is a 28 cents a litre increase from now until the next time they dump it.
So it will be difficult to see other items decreasing sufficiently to overcome the fuel excise inflationary boost.
The ABC blotted their copy book with the last statement of the report.
I could have sworn they started increasing rates since May.
Mick
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