There are several factors behind why Labor hasn’t gone on a celebratory tour to boast about having “pulled off” something that’s never been achieved in Australia.
Albo was on QandA last week and I think he mentioned it in passing once.
I was wondering the same thing as the headline, and the thought occurred to me - and it’s mentioned in the article - that though inflation is down, prices haven’t decreased, and it doesn’t really make anything more affordable as wages haven’t gone anywhere.
So, the triumph of lower inflation just means that everything is less unaffordable than if inflation was higher. It continues to be a real struggle for a lot of people to make ends meet.
Yes, but the expectation that prices go down when inflation is controlled is not correct. Inflation under control is just rises that are small. We also don’t want inflation, or the economy is pretty screwed.
Yo instead of wasting time patting each other on the ass about “falling inflation” remember in your heart of hearts that it still means things are getting shittier, just not as quickly as yesterday.
Let’s schedule the orgy for when we can start congratulating ourselves on deflation
Huh, interesting read
Sending love from across the Pacific
