interest rate decision, page-59

Exactly.

The joke is that we are led to believe that this is to reign in spending when in fact the Aussie Fed is the engine for this local monetary inflation as it 'creates' local currency by which to soak up excess US Dollars arriving in this country (by way of it being the world reserve currency).

In fact the Australian Fed is captive to its masters in NY and London but why blame the 'blameless' captive consumer every time rate rises come around.
Most of the said price inflation is due to excess dollars(some numbers point to 15%/p.a monetary inflation) chasing finite products/real estate whatever.