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11:22
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Originally posted by daicosisgod:
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Chalmers is clueless as to how business operates and how decisions are made in the real economy. Fancy believing giving a cost subsidy for electricity, asking nothing in return, is not inflationary.
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The RBA's commentary is that it expects the subsidy to lower the CPI in the period to June 2025, before it rises slightly when the subsidy expires. There's an artifice to the way the CPI is lowered, so not sure how they factor that in.
