'Hairdressers, dentists and dining out': The price rises that told the RBA it needed to raise rates again
'Hairdressers, dentists and dining out': The price rises that told the RBA it needed to raise rates again
The Reserve Bank's new boss has not backed away from tough talk, saying the bank must use its "blunt" tool of interest rates to hammer out inflation for the collective welfare of Australians.
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Current RBA structure is proving inadequate at identifying profiteering by certain business sectors, where a small choice of service providers (duopolies or in some cases, even monopolies) offer consumers in Australia little choice but to continue to accept higher prices/fees. There are some extremely poor conclusions drawn if the article is accurately summarising the position of the RBA.
Exactly my issue with the current inflation. Every time I walk into a supermarket, I notice the price on something I eat or use go up.
I still have to feed myself, and I can't see myself "reducing" spending any further in this regard.