Despite Australia’s soaring inflation rate, some economists say the peak may be ‘coming into view’

Australia’s pace of inflation hit a 21-year high in the June quarter, but some economists think there could be a silver lining. Photograph: Diego Fedele/AAP

Some economists have tipped that the inflation rate has started to plateau, even after the Australian consumer price index on Wednesday showed the fastest annual pace of inflation since 2001.

Australian prices rose 6.1% in the June quarter, the quickest pace in 21 years. Yet even in that dire news from the Australian Bureau of Statistics, some economists were able to spy a silver lining.