Inflation is “definitely going to get worse' as electricity prices continue to rise, says business owner Shaun McInerney.
Inflation is “definitely going to get worse” as electricity prices continue to rise, says business owner Shaun McInerney.
“My electricity is probably about three or four times my rent and it’s going to get worse,” Mr McInerney told Sky News Australia. “I think the government should hang their head in shame for letting this electricity situation unroll to where it is now.”
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Australia ‘behind the curve’ on tackling inflationThe only thing which “shields” Australia’s economy against world inflation is the exchange rate, says ANU Crawford School of Public Policy Distinguished Professor Warwick McKibbin. “What’s important is what’s driving inflation – the inflation is coming from overseas,” Prof. McKibbin told Sky News Australia. “The only thing that shields us against world inflation is our exchange rate, if our exchange rate, appreciated, rose in value, then inflation wouldn’t come into the Australian economy – we’re behind the curve on interest rates and so our exchange rate’s depreciating.”
Read more »
Interest rate rises: is there a less painful way for the RBA to curb inflation?The Reserve Bank of Australia’s monetary policy has been criticised as unfair and ‘too blunt’. But what are the alternatives?
Read more »
RBA expected to raise interest rates to 3.6 per cent to bring down soaring inflationThe Reserve Bank is widely expected to raise interest rates today by another 25 basis points, which would lift the cash rate to 3.6 per cent – the highest level since June 2012. Rates are forecast to keep rising over the next few months as the RBA tries to bring down the level of inflation in the economy.
Read more »
PM ‘understands’ people are under pressure from inflationPrime Minister Anthony Albanese says he understands people are under pressure from the impact of inflation. “The Reserve Bank understands that, the global impact of every advanced economy in the world understands that,” Mr Albanese said during Question Time on Tuesday. “But it’s the United Kingdom, the United States, Europe, we’re suffering from higher inflation that had occurred previously pre the pandemic. “That’s being exacerbated by the higher energy prices that are coming as a direct result of the Russian invasion of Ukraine, that is having an impact.”
Read more »
PM accused of 'giving up' battle to tackle inflation“So unless you get inflation under control you’ve got no hope with interest rates,” deputy Liberal leader Susan Ley accuses Labor of pushing up inflation with “$45 billion in off-budget spending”.
Read more »
Reserve Bank’s Lowe takes stock of his inflation-fighting campaignReserve Bank governor Philip Lowe recognises that his inflation-fighting campaign has now entered a new and particularly tricky phase.
Read more »