Category Archives: economics

Drivers of Australian Inflation

Inflation in Australia has been running well outside the 2-3% range targeted by the Reserve Bank of Australia—the most recent figure was 4.3% for the 12 months to March 2008—which is why interest rates have been on the rise for the last couple of years. So what has been driving prices up in Australia? One useful way to get a sense of what has been happening is to use a type of chart known as a treemap (sometimes called a “Map of the Market”). These charts tend to be pretty busy, but can be a great way to explore a rich set of data.

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