Inflation is decreasing even with high energy and labour costs
Reserve Bank of Australia Governor Michele Bullock says inflation is decreasing even with high energy and labour costs.
'This has been going on for some time, of course, high unit labour costs, high energy costs, and so on for businesses,' Ms Bullock said.
'And we're still seeing inflation come down, so the outcomes are suggesting that inflation is still declining despite those costs.
'Businesses can put up their costs only if they're not going to impact the demand for their goods and services.'
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