Peter Martin, Crawford School of Public Policy, Australian National University
Far from being “rampant” inflation was tame in the first two months of this year. We know this because of big changes in the way the bureau prepares its data.
Peter Martin, Crawford School of Public Policy, Australian National University
The best measure of living standards – real household disposable income per capita – has been going backwards for two years. It’s the biggest dive in living standards in half a century.
The Bureau of Statistics is considering scaling back the scope of Australia’s time-use survey in a way that will make it difficult to tell how much time we spend caring for children.
Six charts explain the Australian economy. Three of the most disturbing show living standards going backwards, productivity collapsing and household saving falling to a 15-year low.