Inflation hits Brisbane hardest

Inflation hit Brisbane people hit harder than any other Australians, over the past year, as fuel and food prices soared.

The Statistician reported yesterday that prices, generally, rose by 4.8 per cent in the Queensland capital, over the 12 months to the end of March.

Canberra people, though, were close behind. They saw price rises, in their city, leap 4.6 per cent over the past year.

So how was it, for people in the other Australia capitals?

Adelaide people saw prices in their shops rise by 4.5 per cent.

Melbourne prices jumped 4.4. per cent.

Perth prices rose 4.3 per cent.

And prices in Sydney and Darwin increased by a relatively modest 3.9 per cent over the past year, while Hobart prices rose 3.8 per cent.

These figures, of course, show that price rises in all Australian capitals were outside the Reserve Bank’s target range, over the past year.

The bank aims to keep Australia’s inflation in a 2-3 per cent range, over the course of a business cycle.

It’s challenge now, is to push inflation down, as quickly as possible.

That might be hard to achieve.