A Detailed Analysis: Inflation's Impact on Australian Industries

This report investigates the impact of inflation on the industrial sector of Australia. It begins by outlining the problem, which is the influence of inflation on the Australian economy, particularly in the context of low and stable inflation maintained by economic expansion and inflationary shocks. The aim is to understand the effects of inflation on Australian industries, with specific objectives to identify inflation determinants, examine economic conditions, and analyze potential improvements. The methodology employs a positivist research philosophy and an analytical research design, utilizing secondary data from publications, industry reports, and databases. Data analysis methods include secondary data analysis to interpret factors and cross-analyze for recommendations. The study aims to be economical, leveraging existing data and transforming it into charts and tables for easy understanding. The report concludes with references to support the analysis and findings. The report provides a detailed analysis of the impact of inflation on Australian industries, using secondary data to examine factors and propose improvements.

Running Head : RESEARCH
Research
Name of the Student
Name of the University
Author Note

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1. Statement of the problem- The impact of inflation on the industrial sector of Australia has
been examined through various researches (Rees, Smith & Hall, 2016). The low and the
stable inflation has been considered as a feature in the Australian economy for the past
few decades. The low inflation has been well-maintained by a lengthy economic
expansion along with the presence of the different inflationary shocks (Bajada, 2017).
When a regime of the inflation targeting has been playing a role in the facilitation of the
outcome, the inflation is lower generally than expected and is more stable too. At the
same time, the inflation has been subdued surprisingly in a specific range of the
industrialised economies (Amos, Rahman & Gathenya, 2018). It is further suggested that
a basic change in the process of inflation might have occurred. This is the view which has
receive the currency due to some shocks which had a conspicuous influence previously.
In the context of Australia, this is properly highlighted by the apparent change in the
exchange rate movements until the final domestic prices.
Research Aim- The aim is to understand the impact of inflation in Australian industries.
Research Objectives- To realise the factors determining inflation in Australian economy
To examine the development of the economic condition of Australian industries, To
analyse the way inflation can be improved in the context of Australian economy.
2. A methodology- The use of research philosophy is to analyse and develop a particular
study in detail. There are usually three types of the research philosophies such as realism,
interpretivism and the positivism. This study will make use of the positivism in order to
investigate an issue in the most logical and critical manner. As a research design, it will
make use of the analytical research. This will provide a detailed idea regarding the
previous literature, the theories. The study will use the secondary data to conduct the

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research and continue the analysis. The secondary data will be collected from all types of
printed forms or in the specific study. The secondary data analysis will save all the time
which would be spent otherwise in terms of collecting the data. The secondary data will
provide the high-quality databases. The secondary data will be gained from the remote
sensing, the GPS, the internet databases and many others. The industry reports will be
analysed too. The secondary data can be available from different sources that have been
used already in the previous researches. It will save the time and the expenses too since
the data has been already collected someone other.
3. Sources of secondary data – It will use the publications as the magazines, the textbooks,
the commentaries, the industry reports, the book reviews, articles and anything relevant
available.
Data analysis methods- The secondary data analysis consists of a researcher making use
of some information gathered by someone else for their own use. The researchers make
use of the secondary data analysis in a particular attempt for answering a new type of
research question. The secondary data analysis also helps in examining an alternative
perspective of a previous study on the original question. For this particular study, the
secondary data analysis will consist of the determination of which data have been
collected for understanding the research question. It will also interpret the secondary data
in order to find out the factors affecting the variables. It will be cross-analyzed and
recommendations will also be made along with the judgements providing the ideas
regarding how the situation could be improved with a collaborative effort. The use of the
secondary data will be economical for the researcher since the researcher will not have to
invest energy, money and time during the research to collect the necessary data. The

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breadth of the data is another advantage for the study. The federal government usually
conducts many studies on a national and large scale. It will be helpful in looking at the
changes and the trends of phenomena over a period of time (Manalo, Perera & Rees,
2015). The collected data will be transformed into pictorial form, the data charts, tables
will be used to provide easy understanding of the research. The graphical representation
will be useful in relating the data with the current scenario.

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Reference
Amos, C. C., Rahman, A., & Gathenya, J. M. (2018). Economic analysis of rainwater harvesting
systems comparing developing and developed countries: A case study of Australia and
Kenya. Journal of cleaner production, 172, 196-207.
Bajada, C. (2017). Australia's Cash Economy: A Troubling Issue for Policymakers: A Troubling
Issue for Policymakers. Routledge.
Daly, K. (2019). Financial volatility and real economic activity. Routledge.
Kim, S., & Mehrotra, A. (2017). Managing price and financial stability objectives in inflation
targeting economies in Asia and the Pacific. Journal of Financial Stability, 29, 106-116.
Manalo, J., Perera, D., & Rees, D. M. (2015). Exchange rate movements and the Australian
economy. Economic Modelling, 47, 53-62.
Rees, D. M., Smith, P., & Hall, J. (2016). A Multi‐sector Model of the Australian
Economy. Economic Record, 92(298), 374-408.