According to this article from ABC News titled "Rise in producer prices prompts inflation concerns":
"The Australian Bureau of Statistics says it is the largest quarterly increase of the producer price index in a year."
"CommSec chief equities economist Craig James says two factors drove the overall increase. 'That was higher oil prices and higher building construction costs,' he said."
"A higher Australian dollar pushed down the price of imported goods, particularly electronic equipment and tobacco products."
I don't understand, if higher Australian dollar pushed down the price of all imported stuffs, then why is the building construction cost goes higher? Is that because of increasing labout cost, or something else?
Won't be good news for any mortgage payer like use to have a higher interest rate due to inflation...
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