Profits v Wages, what's driving inflation?
Follow The Money
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How to Control Inflation in Australia
In Australia, we've really come to believe that if you want to control inflation, it's interest rate policy. The Bank of England is the same thing, but to show profits weren't driving inflation there. So what are the other ways that we can be addressing inflation? Richard Tisdall: We're probably more prone to profit driven inflation than a lot of other countries. And I think that countries like Australia, which have really high degrees of market power - Coles and Woolworths has dominant market share.
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