"Today's CPI numbers reinforce the serious threat that inflation poses for the year ahead. While the 7.8% annual rate of increase is a bit lower than the Reserve Bank’s most recent forecast, it has also indicated that it is closely monitoring ongoing price and wages increases. Taming the inflation tiger will require moderation of prices and wages over the period ahead,” Innes Willox Chief Executive of the national employer association Ai Group said today.
Media enquiries
Tony Melville – 0419 190 347
