Inflation is usually due to increasing demand wanting more resoures.....interest rate rises (although a blunt instrument do eventually work) to quell inflation
However...............demand has not gone off the scale..supply has been wound back (you can blame covid et al or an elegant design)........
Demand effectively the same (except the the equivalent of a CAnberra sized city coming to Aust via migration)..
This demand is fighting for precious (less) resources ...and the the ALBO gov spend big, taking more resources, lifting inflation...87% of the jobs created are government based......
Governments DO NOT produce, they know red tape & know how to tax (more).
They spend like drunken sailors & we are paying the wages & being taxed to give ourselves power & cost of living rebates to ease the very problem they have created........
