Assistant Minister for Competition and The Treasury Andrew Leigh says Australia has an inflation problem because of “busted supply chains” and the war in Ukraine. “The government's working hard on the supply side, the Reserve Bank on the demand side, and together economists believe that inflation will be back in the target band within a couple of years,” Mr Leigh told Sky News Australia.... ( read more )
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Australia is currently experiencing a period of elevated inflation, which can be attributed to a variety of factors. Two key contributors to this issue are busted supply chains and the ongoing war in Ukraine. Supply chains are the backbone of global trade, forming the networks that enable goods to be produced, transported, and sold. However, the COVID-19 pandemic has severely di...
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