ACTU-RBA Tussle Over Inflation Data as Rate Squeeze Bites Harder

The Australian Council of Trade Unions has abruptly pulled the plug on a decades-old inflation expectations survey, cutting off the Reserve Bank of Australia from a data set it uses to gauge wage pressures and set interest rates. The move comes after the RBA’s June meeting minutes flagged union inflation forecasts as stubbornly above the central bank’s 2‑3% target, escalating a public row over who gets to shape the nation’s price outlook.

What the ACTU...