The recent fall in global food and crude oil prices means that the inflation outlook has become more nuanced. But with coal and wholesale gas prices at record highs, Australians will soon witness the surge in utility bills that is raising the cost of living elsewhere. And with domestic inflationary pressures still building, we expect inflation to climb to 8% by year-end.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services