Retail energy prices are set to reach record highs
Indexes of real retail prices and real earnings, 2004-05 = 100
Converted into real terms using the Consumer Price Index (CPI) to adjust for inflation. Estimates for 2022-23 and 2023-24 are based on projections by Treasury (retail gas and electricity prices after the introduction of price caps in December 2022) and the Reserve Bank (CPI and wage price index used to estimate evolution of median earnings).
Source:ABS, Consumer Price Index; ABS, Average Weekly Earnings; Treasury; RBA Statement on Monetary PolicyGet the data