What’s really driving inflation?
Why is everything so expensive? And will a wage increase just make it worse? New research shows that only a trivial portion of Australia’s inflation has come from wages this year, while rising prices continue to drive not just inflation, but profits to record highs.
This was recorded on Tuesday 26th July 2022 and things may have changed since recording.
The Australia Institute // @theausinstitute
Host: Ebony Bennett, Deputy Director, the Australia Institute // @ebony_bennett
Guest: Richard Denniss, Chief Economist at the Australia Institute // @RDNS_TAI
Producer: Jennifer Macey // @jennifermacey
Edited by: Mikayla McGuirck-Scolaro
Theme Music: Pulse and Thrum; additional music by Blue Dot Sessions
Between the Lines Newsletter
The biggest stories and the best analysis from the team at the Australia Institute, delivered to your inbox every fortnight.
You might also like
When targeting inflation, the RBA misses more often than it hits
With the fight against high inflation now over, will the Reserve Bank fail to learn the lessons of the past and allow inflation to fall below 2%?
Fearful and frozen: Why the Reserve Bank continues to err on rates
The RBA’s failures have real consequences. It should go back and closely reread the recommendations of the RBA review, particularly the ones that encourage it to open up to new and diverse viewpoints.
The election exposed weaknesses in Australian democracy – but the next parliament can fix them
Australia has some very strong democratic institutions – like an independent electoral commission, Saturday voting, full preferential voting and compulsory voting. These ensure that elections are free from corruption; that electorate boundaries are not based on partisan bias; and that most Australians turn out to vote. They are evidence of Australia’s proud history as an
