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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