"... prices are rocketing."

The Australian CPI was down 1.9% in the June quarter.

https://www.abs.gov.au/statistics/economy/price-indexes-and-inflation/consumer-price-index-australia/latest-release#:~:text=The%20Consumer%20Price%20Index%20(CPI,Bureau%20of%20Statistics%20(ABS).&text=The%20annual%20inflation%20rate%20was,to%20the%20June%202020%20quarter.

What's changed since then?