ANNETTE SAMPSON WHAT IF?
HAS INFLATION PEAKED?
The consumer price index was holding steady at 3.4% in the year to February, indicating the worst of the rises may be behind us. From its peak of 7.8% in December 2022, inflation has been slowly easing, though it is still above the Reserve Bank’s target range of 2%-3%. In its March statement on monetary policy, the RBA said it expected inflation to return to the target range in 2025 and to reach the mid-point of that range by 2026.
WHAT HAVE BEEN THE EFFECTS OF
