The inflation figure due to be released today is different than most. It’s focusing the minds of politicians as well as economists.
Inflation has been falling for the past five quarters, getting closer and closer to the Reserve Bank’s target band.
At the last quarterly read, three months ago, it wasn’t far away. Inflation came in at 3.6%, well down from the peak of 7.8%, and within sight of the 2-3% band.
