They say that the fish rots from the head, and there is no better example than Michael Stutchbury and the AFR.
The decomposing marine skull is no longer the editor, but he still writes biased drivel.
This week’s CPI reading showing annual underlying inflation easing to 3.2 per cent in the last three months of 2024 suggests the Reserve Bank’s generous timetable for getting prices growth back into target is on track. Headline inflation has fallen to 2.4 per cent, but that’s been artificially depressed by household electricity subsidies that will have to reverse. Prices have dropped for imported goods such as clothing due to deflation in the weak Chinese economy.
