IIRC, these statistics are not adjusted for inflation, so is it...

IIRC, these statistics are not adjusted for inflation, so is it merely price rises imposed by retailers?

You are 100 per cent on the money to suggest that this is driven by the aflluent 25 per cent in Australian society.

Nonetheless, 'The Oz' expands a on your comment, and I agree it ought be seen as a positive for MYR by grumpy 'Mr Market':

"Australia’s retail turnover rose for a fifth consecutive month to a record high in May as cost of living pressures continue to hit those across the country.

The Australian Bureau of Statistics says retail sales were up by 0.9 per cent month-on-month in May, which was higher than a 0.4 per cent rise tipped by markets.

It follows rises of 0.9 per cent in April, 1.6 per cent in March, 1.8 per cent in February and 1.6 per cent in January.

Retail sales for the month was a remarkable 10.4 per cent higher than May 2021 when there was almost no Covid-19 cases across the country.

Department stores had the largest rise, up 5.1 per cent,.."