EPISODE · Jun 24, 2021 · 1 MIN
What does May's inflation number mean?
from Die ekonomie minuut · host Waldo Krugell
May's consumer price inflation rate was announced yesterday and it is at its highest level in more than two years. Inflation rose from 4.4% in April to 5.2% in May. Does this high inflation rate above the mean of the Reserve Bank's target band imply that interest rates should rise soon? The short answer is no.
What this episode covers
May's consumer price inflation rate was announced yesterday and it is at its highest level in more than two years. Inflation rose from 4.4% in April to 5.2% in May. Does this high inflation rate above the mean of the Reserve Bank's target band imply that interest rates should rise soon? The short answer is no.
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What does May's inflation number mean?
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