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In the GDP Deflator for Australia in 2021, Identify and explain the reason of the change in the inflation rate for Australia in 2021? Include
In the GDP Deflator for Australia in 2021, Identify and explain the reason of the change in the inflation rate for Australia in 2021? Include the impact of the change in the rate of demand-pull inflation, cost-push inflation and export and /or import prices.
AU 2019 2020 2021 Export price index 111.5 108.3 138.8 and (%) change 12.7 - 2.9 28.2 Import price index 113.25 109.2 112.2 and (%) change 2.6% - 3.6% 2.7 Inflation rate (% 2.1 0.6 5.7 change) - GDP deflator index of production 1.9 - 0.4 2.2 costs / Producer costs of prod'n - Annual % change change in 0.6 - 5.72% 5.0 Consumption spending%Step by Step Solution
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