The Unlikely Ally in the Battle Against Inflation The Reserve Bank of Australia's ongoing campaign against inflation has received an unexpected boost: sliding housing prices.
While interest rate hikes were designed to slow down the economy, the sudden drop in property values is proving to be a helpful development in their fight against rising costs.
Nationwide, house prices are falling, and with them, demand for related goods and services is plummeting. Furniture prices have dropped by as much as 4.