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
Stage 3 Better – Revenue Summit 2023
Presented to the Australia Institute’s Revenue Summit 2023, Greg Jericho’s address, “Stage 3 Better” outlines an exciting opportunity for the government to gain electoral ground and deliver better, fairer tax cuts for more Australians.
The debate about inflation, interest rates, and the cost of living is broken.
Spreading fear about inflation not falling fast enough distorts the true picture
There is no such thing as a safe seat | Fact sheet
A notable trend in Australian politics has been the decline of the share of the vote won by both major parties at federal elections. One effect of this is that there are no longer any safe seats in Australian politics: minor parties and independents win more “safe” seats than they do “marginal” ones. The declining