Australia’s experience of the highest inflation since the 1980s is the result of producers of goods and services – in both the private and public sectors – being able to pass on increases in costs to their customers in the form of higher prices.
State and federal politicians are intervening hard on price issues. Jamila Toderas Filippone
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Saul Eslake is former chief economist of ANZ Bank and of Bank of America Merrill Lynch in Australia, and is now principal of Corinna Economic Advisory based in Hobart.
