Simon Cowan | Wages can be a great threat to taming inflation

Simon Cowan
June 3 2023 - 5:30am

Reports this week that inflation has again increased to 6.8 per cent for the year to April 2023 are grim reading for many. Although the market had not expected inflation to fall again after last month's data, with unemployment beginning to rise and consumer spending falling, there was some thought conditions might be softening.

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Simon Cowan

Simon Cowan

Canberra Times columnist

Simon Cowan is research director at the Centre for Independent Studies and a regular columnist for The Canberra Times.

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