On Wednesday the ALP cleared the last real economic hurdle before Saturday’s election. Inflation remained steady at 2.4% and underlying inflation fell below 3%. Because Peter Dutton had made such a big deal about that measure, he now looks bereft of an argument.
A good campaign really should be able to see what is coming. It was clear to anyone with an understanding of economics that when the March quarter CPI figures were released, underlying or “core” inflation would definitely be lower than the 3.3% figure in the December quarter.
