The false narrative peddled by some anti-business groups and commentators that unfair business profiteering is fuelling inflation is being debunked.
The inconvenient reality is that far from businesses driving up inflation, it was actually the public sector.
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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
