Kevin Fox

Kevin Fox, head of the UNSW Centre for Applied Economic Research, and Amy Oster, former Treasury economist and head of Policy Institute Australia, discuss the nuances behind the rising official inflation rate. They explore how perceptions of inflation can differ from reality due to frequently purchased items feeling more impactful. Kevin explains the complexities of the Consumer Price Index (CPI) and the recent integration of scanner data to improve accuracy. They also highlight the importance of rough price shifts since COVID and the need for ongoing adjustments in economic measures.