Sunday, December 23, 2012

Is Australian Carbon Tax Causing Inflation?

Is Australia's carbon tax caused increased inflation?

That's the claim of the blog The Globalist Report. (They seem pretty conservative and not exactly objective.) It's based on this quarter-by-quarter inflation data from the Australian government (right).

The most recent quarter had a 1.4% increase in prices, which (based on their yearly numbers) doesn't look to be annualized. That's high, but it happened in a quarter just a year and a half ago.

Seems more data is needed, but worth paying attention to.

No comments: