"Surging petrol prices, soaring rents and higher insurance premiums could serve households with another rate hike before the end of the year.". .... from your link - first line.
is this the fault of the Gov or RBA?
any suggestions on how this could be controlled or managed?
would it make a positive difference if Gov gave helicopter money to people suffering from these higher prices?
Insurance premiums: the result of increasing damage to businesses and homes due to climate change. one clear action to reduce this impact - but it's only over the long term - is to drastically reduce GHG emissions. this means no further permits for coal and gas extraction, actively discourage farming of animals and use of fertilisers, switch to electric vehicles, massively increase low emissions technologies such as wind and solar power with battery storage and pumped hydro.
Petrol prices: exert controls over massive profits by oil and gas companies to artificially restrict prices..... hahahehe - it's a joke hey. can't happen in a free market economy so rule this one out - nothing can be done about this..... except perhaps reduce the tax on fuels - but such subsidisation would send the Gov back into deficit then we'd all have to pay more for services such a registration of vehicles, health and education etc... so then inflation would soar.
Rents: rental pricing caps have already been rejected. can't or won't be done as it would cause even worse problems.
