Refer to the most recent Consumer Price Index data, for the June 2022 quarter,

published on 27/07/2022 and available at:

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-

index-australia/latest-release

Refer primarily to the data in 'Key statistics' and 'Main features' subsections right

near the top of the page.

Task:

Summarise in your own terms the CPI inflation rate and related data for the June 2022

quarter. Explain what is represented by this data, such that a non-economist would

better be able to understand its meaning.

You should in particular aim to incorporate elements of understanding that have come

from this course, such as what the 'CPI' measures and includes, and how this should

impact the interpretation of the data. This should provide a clearer interpretation of

the meaning behind these numbers.

(For example, you can imagine that you are writing a short summary article for a

newspaper that is aimed at a general audience. Although you do not need to follow

this format stylistically.)

Format:

The format of your response should be an essay-style response.

You do not need subheadings or subsections.

You do not need to spend as much attention on formal essay structure as you might

for a persuasive or research-based essay. Instead you should focus on communicating

your ideas in a clear and concise manner and making sure there is a logical flow of

ideas and explanation.

including graphs and analyzing the information from the article.