why further qe is unlikely, page-8

Timber inflation is here already.

It just takes time for the gov't to either realise it or admit it.

The cost of living has been rising for years and it's not getting any easier.

That is inflation.

In Aust the cost of electricity is going to go up by approx 30-40% from July onwards.

That is also inflationary.

I don't see oil getting any cheaper either.

What about the price of food and water???

Everything is rising in cost.