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Inflation result spells uncertainty for business

Inflation result spells uncertainty for business

The highest inflation figure for two decades will hit small businesses hard with flow-on effects on wages and the costs of capital, the accounting professional bodies said on Wednesday (27 April).

by Shared from accountantsdaily.com.au | Apr 28, 2022

Inflation climbs on fuel and houses, pushing above the bottom of Reserve Bank target range

Reacting to the annual figure of 5.1 per cent, spokespeople from CPA Australia, CA ANZ and IPA said accountants would need to factor in increased input costs for clients but also a big dose of uncertainty about how long inflation would last.