Inflation is back with a vengeance
The International Monetary Fund has painted a bleak picture for world inflation. In Australia, it expects inflation this year will be about 4%, but – fuelled by the 10% nominal economic growth forecast from the pre-election federal budget – it looks set to climb higher.
If the US and Europe are anything to go by, we shouldn’t be surprised if in Australia it breaks through the 5% or 6% barrier. Major retailers
