#auspol https://www.thesaturdaypaper.com.au/news/economy/2023/02/25/the-true-drivers-the-cost-living-crisis
The true drivers of the cost-of-living crisis
The embattled head of the Reserve Bank, Philip Lowe, has lately changed the way he describes his great fear for Australia’s economy. He used to warn about a “wage-price spiral”, driving inflation even higher. Now he has turned that around and begun warning of a “price-wage spiral”.