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Developments in Utilities Prices

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Author Info

  • Michael Plumb

    (Reserve Bank of Australia)

  • Kathryn Davis

    (Reserve Bank of Australia)

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    Abstract

    Large increases in the prices of utilities have been a notable feature of consumer price inflation in Australia in recent years, and further large increases are anticipated over the next few years. The recent price rises reflect the move towards cost-based pricing, the need to replace and expand infrastructure to meet demand, and rising input costs. At times, these increases in utilities prices have had a significant effect on aggregate inflation. While international comparisons are not straightforward, the level of electricity and gas prices in Australia does not, however, appear to be particularly high compared with prices in a number of other advanced economies.

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    File URL: http://www.rba.gov.au/publications/bulletin/2010/dec/pdf/bu-1210-2.pdf
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    Bibliographic Info

    Article provided by Reserve Bank of Australia in its journal RBA Bulletin.

    Volume (Year): (2010)
    Issue (Month): (December)
    Pages: 9-18

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    Handle: RePEc:rba:rbabul:dec2010-02

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    Related research

    Keywords: Australia; utilities prices; consumer price inflation; electricity; gas; water;

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    Cited by:
    1. Michael Plumb, 2011. "Discussion of Productivity: The Lost Decade," RBA Annual Conference Volume, Reserve Bank of Australia, in: Hugo Gerard & Jonathan Kearns (ed.), The Australian Economy in the 2000s Reserve Bank of Australia.

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