At the heart of the budget is the sad truth the economy is weak. That’s one reason inflation will fall
- Written by Aruna Sathanapally, Chief Executive, Grattan Institute, Grattan Institute
A central focus of this week’s budget is the treasury’s forecast for inflation.
By this time next year, inflation is projected to be back within the Reserve Bank’s 2-3% target range.
Inflation has dropped dramatically from its peak of 7.8% just 18 months ago, but the last mile – getting from the present 3.6% to less than 3%...
