Australia Central Bank Worried About Deflation – Does Study, Blames Aldi

by Mike ‘Mish’ Shedlock
Mish Talk

The Reserve Bank of Australia is so concerned about deflation that it did a study on why prices are so low despite a 33% collapse in the Australian dollar vs. the US dollar since June 2011.

The RBA blamed competition and discounters like Aldi.

Australian Dollar vs. US Dollar

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