this post was submitted on 28 Jun 2023
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Monthly inflation plunges (www.macrobusiness.com.au)
submitted 1 year ago by josephb@aussie.zone to c/ausfinance@aussie.zone
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After April’s monthly inflation head fake, May has crashed back to earth. The expected was 6.1%, and we got 5.6%.

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[–] RustyRaven@aussie.zone 0 points 1 year ago (1 children)

The inflation rate of descriptive language is however still worryingly high.

What have the journalists got left in their arsenal, if 0.5% lower than expected is a plunge, and 5.6% is crashing back to earth, will they even be able to describe inflation dropping back to the levels typical of the past few years?

[–] joeyshabadu@lemmy.one 1 points 1 year ago (1 children)

'the inflation rate has been ritualistically eviscerated'

[–] hitmyspot@aussie.zone 1 points 1 year ago

Inflation has contracted.sommuch that it has contracted the universe and reversed the big bang. Scientists wonder if the big bang theory was ever accurate or it was just inflation run amok all along.