Look at the year-on-year CPI inflation rates from 2011-2023 for the US and Australia, what do you find?

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Australia USA -2 Jan-11 Aug-11 Mar-12 Oct-12 May-13 Dec-13 Jul-14 Feb-15 Sep-15 Apr-16 Nov-16 Jun-17 Jan-18 Aug-18 Mar-19 Oct-19 May-20 Dec-20 Jul-21 Feb-22 Sep-22 Apr-23 INFLATION RATE (%) 4 8 10 2023 Year on year CPI inflation rates 2011 - Australia USA -2 Jan-11 Aug-11 Mar-12 Oct-12 May-13 Dec-13 Jul-14 Feb-15 Sep-15 Apr-16 Nov-16 Jun-17 Jan-18 Aug-18 Mar-19 Oct-19 May-20 Dec-20 Jul-21 Feb-22 Sep-22 Apr-23 INFLATION RATE (%) 4 8 10 2023 Year on year CPI inflation rates 2011 -

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Based on the data provided in the image we can observe the following 1 The yearonyear C... View the full answer