Inflation eases but economists warn it’s still yet to peak | The Business | ABC News

Inflation eases but economists warn it's still yet to peak | the business | abc news

ABC News (Australia) published this video item, entitled “Inflation eases but economists warn it’s still yet to peak | The Business | ABC News” – below is their description.

Inflation eases slightly in October, but the headline rate remains more than twice the Reserve Bank’s target.

ABC News (Australia) YouTube Channel

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About This Source - ABC News (Australia)

The video item below is from ABC News (Australia). ABC News is a public news service in Australia produced by the News and Current Affairs division of the Australian Broadcasting Corporation.

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In This Story: Inflation

In economics, inflation refers to a general progressive increase in prices of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money.

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