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September 2023
Profit-Price Inflation: Theory, International Evidence, and Policy Implications
Profits need to come down to reduce inflation and allow real wages to recover
New research confirms that corporate profits in Australia, despite recent moderation, remain well above historic norms, and must fall further in order to allow a rebuilding of real wages in Australia that have been badly damaged by recent inflation.
July 2022
Are Wages or Profits Driving Australia’s Inflation?
An analysis of the National Accounts
Labour costs have played an insignificant role in the recent increase in inflation, accounting for just 15 percent of economy wide price increases while profits have played an overwhelming role, accounting for about 60 percent of recent inflation.