Glen McGregor: Inflation figure lower for February due to GST holiday effect

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Andrey Mastykin

16.03.2026

Glen McGregor: Inflation figure lower for February due to GST holiday effect — Inflation sees GST holiday distortion

Inflation numbers for February appear artificially lower due to the same Goods and Services Tax (GST) holiday effect that made January's figure artificially higher. Glen McGregor highlights this distortion, noting that while there was strong public reaction to the elevated January figure, a similar response is unlikely for February's reduced number.

McGregor's comments draw attention to the impact of temporary tax changes on reported inflation data.

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