Buy custom the rising trend of inflation in australia
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Miscellaneous
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13 / 3443 |
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A healthy GDP increase is required within the country in order for businesses to continue to grow, and deliver shareholders value in the form of increased profits and share values. If GDP significantly exceeds the target GDP set by policy makers, inflation will ensue.
The measure of inflation within the Australian economy is known as the Consumer Price Index (CPI)...
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CPI is the weighted average of the prices of a broad range of goods and services purchased by households, and reflects their percentage change over a period of time. In the same period that GDP grew by 3.9%, the CPI inflation was ‘a little above 4%’ (Reserve Bank of Australia, 2008). These figures demonstrate that costs are rising at least as fast as the GDP, possibly faster...
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