Are rate rises the only way to stop inflation?
Grattan Institute
00:00
The Rise of Hitler in Germany and the Rise of the Federal Reserve
Inflation is coming down a bit, but it's still well above the RBA's target range of 2 to 3%. What's been driving this high inflation? Well, over the past year, it has been mainly a supply side story. The Russian invasion of Ukraine, that puts up energy prices, flooding on the east coast of Australia,. all these factors were held back and they contributed to higher inflation.
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