However, over the past decade or so there has been a shift in these pricing dynamics for retail goods.
Graph 4  While slower growth in consumer spending over this time frame compared with the earlier period has probably played a role in explaining retailers' reluctance to pass on higher import prices, it is the  http://www.rba.gov.au/speeches/2018/sp-dg-2018-08-22.html  6/23  22/08/2018  Low Inflation | Speeches | RBA  structural changes underway in the retail sector that are putting downward pressure on prices.