CH Investment & Economic Strategy Lunch 2023

The nub of the inflation problem is now service sector prices (Australia)

CONTRIBUTION TO AUSTRALIAN CPI

8

8

HEADLINE CPI

7

7

6

6

GOODS SERVICES

5

5

4

4

3

3

2

2

1

1

0

0

-1

-1

-2

-2

2005 2007 2009 2011 2013 2015 2017 2019 2021 2023 2025

1

Sources: ABS, NBER

20

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