The global inflation wave has washed on to Australia’s shores, right in the middle of the federal election.
The price pressures and looming interest rate rises have exposed that the Coalition and Labor do not have a serious economic plan to deal with inflation. Rather, the government is pouring another $5.6 billion of “cost of living” cash hand outs and tax refunds on to the inflation bonfire.
John KehoeEconomics editorJohn Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
