Inflation figures show why we can blame both Labor and Coalition politicians for our cost of living pain
Australia is in the grip of a new bout of inflation, and unlike the post-pandemic surge in prices, this one is firmly the result of government policies — not just in Canberra, but in every state capital.
Yesterday’sOctober Consumer Price Index (CPI) data — the first in the new era of full monthly CPI — showed inflation rose at an annual rate of 3.8% in October compared to a year earlier, up from 3.6% in September and above median forecasts of 3.6%.
Keep reading forfree.
Create an account to unlock more stories or subscribe to get unlimited access to all articles, Crikey Daily's full edition experience and the early morning Worm newsletter. Support independent journalism and stay informed with a Crikey subscription — no ads, no paywalls, no limits.
End of Year Sale
$2/week
Save 60% on 12 months of unlimited access and no ads. Renews at $8/month for the first 12 months, then $19.90/month thereafter. Cancel anytime.
About the authors
Bernard Keane
Politics editor
Bernard Keane isCrikey’s politics editor. Before that he wasCrikey’s Canberra press gallery correspondent, covering politics, national security and economics. Got a tip? Contact him securely on Signal at@Bernard_Keane.66.
Glenn Dyer
Contributor
Glenn Dyer is a contributor toCrikey.
