Articles on Consumer price index (CPI)

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Supporters outside the offices of the Fair Work Commission in Melbourne on Friday, June 1, 2018 after it lifted the minimum wage by 3.5% JOE CASTRO/AAP

The false hope offered by talk of a living wage

Granting low-wage workers a "living wage" instead of a minimum wage is far from costless, and there are much better ways of helping people genuinely in need.
Officially, our inflation rate is lower than at any time since the 1950s, but we’ve reasons for doubting it. Shutterstock

Vital Signs: Why we distrust the consumer price index

Hardly anyone believes that prices are really increasing by only 1.9% per year. The fault lies with us, and also the way the Bureau of Statistics adjusts prices for 'quality'.
If you want to separate investor demand for property assets from demand for affordable housing, rent is a better indicator than property prices. James Ross/AAP

Why rents, not property prices, are best to assess housing supply and need-driven demand

Property prices have soared in the past decade, but much more modest increases in rent, with the exception of Sydney, suggest less of an imbalance of supply and demand for housing as a place to live.

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