This is a cool graph. Good on you John Howard for letting the Reserve Bank do its job.
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Isn’t this also rather chronological?
Whilst I do think Howard/Costello have done a good job on these issues, it really does seem to be that inflation in Australia has also just been getting lower as our “great land” develops..
David / 12:43am / 13 August 2007
Yes. The Reserve Bank deserves a lot more credit than John Howard does.
Although I just found the date the RBA started inflation targeting and it wasn’t until 1993.So Hawke & Keating probably deserve a bit of credit for keeping it as low as they did.
Ryan / 8:43am / 13 August 2007