Subscriber • Opinion

Australia is vulnerable to US inflation, but can also help shield poorer nations

Adam Triggs
By Adam Triggs
Updated June 13 2022 - 4:21pm, first published June 1 2022 - 7:30pm
In developed countries, like Australia, high inflation in America makes fighting inflation at home more difficult. But we can help our neighbours. Picture: Shutterstock

Bought something from the United States recently? You might have been surprised by the price tag. The US dollar has appreciated by more than 15 per cent against the currencies of major US trading partners since the start of the pandemic. It's even worse if you live in a developing country. For Brazil, the dollar is up 37 per cent. For Sri Lanka, it's up 43 per cent. For Turkey, it's up a whopping 208 per cent.

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Adam Triggs

Adam Triggs

Columnist

Adam Triggs is a director within Accenture Strategy, a visiting fellow at the Crawford School at the Australian National University, a non-resident fellow at the Brookings Institution, and a fellow at Macquarie University's E61 institute. He writes fortnightly for ACM.