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The inflation is mostly energy squeeze because of the Ukraine war and the supply issues for Russian oil and gas.
Don’t take my word for it, look at the graphs.
It’s not COVID.
Maybe in DE and UK, but Australia is a major energy producer, compared to our population. That doesn't hold up for Australia, NZ, etc etc
Oh dear. Sorry I misread “Australia, Germany” as “Austria, Germany”.
Germany, definitely Russian oil. Australia, no clue mate ;)
It's the drop bears.
That makes sense. I didn't click that you might have thought Austria.
However the bulk of Australian natural gas is contracted to be shipped overseas (mostly to china), so despite the abundance of the resource it's mostly not available for local usage. Besides even if it was world market prices will prevail. If you think Clive, Woodside or Gina are going to cut a discount to the aussie public when they can make more shipping it overseas then I have a bridge for sale
Ahhh I was hoping am Aussie would chime in. Totally agree.
WA is the only state to enforce a minimum domestic percentage. QLD for example, has screwed us (qlder here). The Russian gas drama actually impacted us a little, which is madness considering the volume we produce.
Love our corrupted "representatives" working hard for us.