Profits v Wages, what's driving inflation?
Follow The Money
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The European Central Bank Method for Breaking Down Inflation in Australia
We used a method developed by the European Central Bank. It allows you to break down what's happening to inflation into its composite parts. The Reserve Bank and Treasury have both written critiques of our work. But certainly business groups don't like what we're saying. They much prefer to say, how about workers just accept real wage reductions and stop causing macroeconomic problems.
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