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Consumer prices subdued despite carbon tax

Sunday, August 5, 2012

WN.com - Business News
Latest headlines from WN Network
Consumer prices subdued despite carbon tax
Aug 6th 2012, 02:07

A private gauge of Australian inflation rose only modestly in July even as the introduction of a controversial carbon tax sharply lifted utility costs, with price pressures elsewhere very subdued. The TD Securities-Melbourne Institute's measure of consumer prices edged up 0.2 per cent July, from June when it fell by 0.2 per cent. The annual pace of inflation actually slowed to a three-year low of 1.5 per cent, well below the Reserve Bank of...
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