"because if imports cost more - up go costs.". ...... and so inflation rises.... yet inflation is continuing to slide downward closer to the target range.
I agree that forex is a singular and powerful driver of inflation, and perhaps the lower figure is because AUD rose to 0.68 USD and against most currencies during the qtr. its fallen over 2 weeks so the effect of this slide won't be seen till next qtr.
I'll take you word on your local council... mine is too rural for such shenanigans.
