‘Serious consequences’: Paul Murray on Australia’s inflation jump 

Mass migration and net zero via politicians are to blame

Labor is a joke

Australia needs a proper treasurer. Chalmers is not a treasurer ... just a yes man to Albanese.

I am very surprised that there is no demonstration on street against these skyrocketing inflation and cost of living.

And yet people will still vote for labor.

Anthony “recession” Albanese

Albo doing a fantastic job for the wef

Who would've imagined that printing billions and billions of dollars to try and eradicate the sniffles would lead to inflation?

Nah lets give everyone pay rises... 200k more for the Atn General. What a joke

Australians cannot afford any more rate rises .. Labor have destroyed the lives of majority Australians .. vote them out everywhere snd forever .. never again. Modern Labor and unions are an absolute disaster and we will be paying for their failures for decades.

Nothing this government has done is responsible

We are being deceived , inflation is far higher, my car insurance jumped 33%

THOSE POOR POLITICIAN'S, WHAT EVERYDAY PEOPLE DON'T REALIZE IS JUST HOW MUCH IT COSTS TO LIVE WHEN YOU DON'T HAVE TO PAY FOR ANYTHING OUT OF YOUR OWN POCKET. SATT.

Sounds like Canada. Same policies almost

Don't forget the Governor General salary is tax-free 😊

If you don’t tackle the price of fuel, you will never get a handle on inflation. It’s primary cost of nearly everything

be careful. there's not much room left for the average person/family.

Variable interest rates should be outlawed, you buy a car its fixed a house loan should be fixed for its life too.

The federal Australian labor party gumbyment couldn't run a lemonade stand & turn a profit.. how much more of this money waisting self indulgent government does the everyday Australian citizen doing it tuff have to take before the current governor general sacks them from office & calls an early election ... enough is enough Australian families are becoming homeless, Australian families are struggling to survive from one week to the next & if another interest rise hits & their mortgage repayments increase even further than now its going to cause absolute kaos in family's & relationships causing more crime more , domestic arguments & more broken families as the stresses from financial difficulties hit breaking point .... This is the heartbreaking writing on the wall reality that I'm predicting Australia is heading for at rapid pace.. If Australia can not bring the economy under control asap then we are in big trouble... Labor's answer is giving themselves & other already well paid political party members & their political freinds a huge pay rise of in some cases a whopping $200,000 bucks a year pay increase . how can the Labor party justify a pay increase that high .. when the everyday Australian citizen is feeling the pressure of hardship from the rising cost of living ... Sack this government now before it gets any worse

How does corporate/real estate profiteering = more money for banks? The economy has me baffled.

Jimbo'nomics ! How Much 'Spin' for this one ?

The thought that labour may get back in with the next election frankly frightens me to death

Jim’s done is all a mischief. I guess qualifications in an occupation are important.

Well it’s all over There isn’t a boom waiting in the next couple decades, only going to get worse Environment is cooked, growing conflicts on the cards and corporations profits need to grow everlasting means we paying more for less until it all comes undone I’m 35 and the next 35 years look to be the most unreal roller coaster ride whilst it all slowly collapses

What qualifications (If any) has grim Jim got to be a Treasurer?😂

The treasurers a goose!

They had a plan, ffs 🙄

Inflation is from government over spending. So they prosper while we suffer!

Chalmers hubris is palpable 💩🤡

Simple. Labor just blames RBA.

It is unclear why anyone would trust the Labour government. In my experience, they have consistently given themselves substantial pay increases, not once but multiple times over the years.

The UK and US have rates over 5%, the RBA hasn't hiked enough.

To calculate the Price Index, take the price of the Market Basket of the year of interest and divide by the price of the Market Basket of the base year, then multiply by 100......who the bloody hell is measuring the basket of consumer goods.....explain in detail what they are...this equation is to vague. Also the tobacco, alcohol, and petrol are high only because of taxes imposed by government....and the food prices are an issue because the government is doing nothing about price gouging at Coles and Safeway, then the flow on to Aldi with prices....hicken has gone up $6 at Aldi in 2 months.

Millions in funding for people overseas, yet I cannot get a bed in a mental health facilities if I need one..... Our government lost the plot many many years ago, and just like sheep we allow it to continue.😤

Things are ridiculously expensive

If Labor keep spending we will end up in depression, they are hell bent on driving this country into the dust.

and who did albo and grim jim throw under a bus?

Major inflation historically comes in waves. There was 2 main peaks in the 70's and again in the 90's. They are holding rates for a longer period but they are not high enough to stop it. Massive government spending is the driver and the government won't stop that.

Jim Chalmers is totally discredited.

Inflation goes up? We knew THAT would happen! We had cheap electricity. We were living in a country that could have kept cheap electricity. But no! We have to go for these damn renewables that are incredibly dodgy. So stupid!

Given the massive number of government sector employees and politicians, I find it confusing why their luxurious pay rises aren't counted as inflationary. When it's obvious that they are adding to inflation.

They should act immediately and call a meeting

What are they doing. Just govern

A new word to discribe these times: Alborecession

Let's tell the true 55% inflation response for corporation who make Big $ because corrupt politick noting do .Both parity from 2020 cheek with David Littleproud in ABC article Noting just collect envelop from corporation lobbying .Cheek a profit for corporation from 2020 the is answer

told you 2 months ago they will left rates because they have been to slow in doing so and the government is still spending like no tomorrow and giving them selves yearly pay rises.

They tried to warn the sheep that it would not be easy under albanese.

PM either resign or call for an election

Prime minister on $600000, my god😮, for what, certainly not getting value for miney there, thats just a big up yours to all the hard working Australians out there

I popped into the shops today. Large shopping centre. IT WAS PACKED and people were BUYING!! We’re stuffed

Honestly, if my insurance, electricity, gas, food, rent, etc only went up 5% in the last year I'd be very happy - because everything is up 10% at a minimum.

Argentina here we come

$13000 Ute tax won't help inflation

Australia is in massive trouble. Buy hard assets

Who cares about Assange its what the government is doing with our country that matters. Labor just doesn't care as long as they look after themselves.

Freakn Parrots!

they all knew, and they all gave themselves a pay rise

Domestic inflation reflects Domestic monetary policy

Yep this what you get every time Labor is in power😅

Years back, i warned you of what awaits you ... St.Thomas

Some outward pressure needs to be put on Chairman Chalmers .............

CTP GLEEN SLIPS NOW IF YOU HAVE 1 OR Demeric point. It will cost you an extra $600 dollars on your green slip slip a A YEAR UNTO YOU GET BACK YOUR PIONTS

Yes just keep increasing their pay packets what helping.

I’m happy all the politicians got a 7% pay rise they are working hard for there 250k minimum 3 days a week with a government credit card for expenses

sad straya maybe vapes did it

Albo and Jim have stuffed again

Nice script recital, however "Mr Pants on Fire " & "Grim Jim" aka FAKE & FUDGE caught out again, oh dear, "The Master Plan" stuffed...

How much did they send to the mafia boss in the Ukraine?

Politicians are increasing their own salary - what are surprise 😂

How’s that going for you jimmy

Dutton/Albo/LNP/Lbor/Greens Doloply Vote One Nation

Like all Labor governments, even basic bookkeeping is a challenge.

Inflation never went down, they only played with the figure's

RBA should have acted sooner with rates, she knew she had to put them up early this year but didn't act and I knew the pain was coming. Obviously people can afford these high mortgages they are earning big bucks otherwise house prices wouldn't be so inflated! Bring back Paul Keating I say!

Yes they sure did, pay rise for them all, governor general $200, 000 pay rise I wonder what they think when getting a bill

I just put a house on the rental market after renovations and have factored in rate rises and increased in other costs. Three also needs to be profit in there as well. I'm charging up to $100 per week more than the average. I'm not lowering the rent either. I can wait till someone pays that. They will

God help us Paul.. the country is a basket case under liar commy Albo..he is absolutely reprensible

Who would have thought reckless currency printing & lock downs lead to higher inflation ?

"Won't be easy under Albanese"

What are all the massive Federal MP's and public sector pay rises doing or going to do for future inflation?

So what drives up inflation? Is it Government spending? For all those that work hard for there money, it’s not you. More about productivity and those on exorbitant wages that produce very little. Cannot justify Albo and Governor General wage rises 🤷🏻‍♂️

proved again that labor does not know what they are doing, and will tell any thing to cover their incompetence, and the people are paying big time.vote them and the greens out.

These criminal have no qualifications to run the nation.

Chalmers is a snake oil salesman

This is all Scott Morrison's fault!!!

"Inflation is up by 4%" They're obviously lying, looking at the numbers Murray provides here is actually 7%.

fiat currency is flawed , If you print too much of it since it doesnt have any "real" value it fails .

Bring on an early election

Chalmers is a fraud

Tax evasion is every Australians duty.

Where is the childcare mate.. young families are hurting badly. I received a raise in daily child care rate for my kiddo. Feels like most Australians are only working to either pay the bills or mortgage.

Vote labour out incompetent

Mate you can do better than this. Interest rates are back to normal rates. Anyone stupid enough to think a 2% interest rate was going to last had rocks in their head. Responsible parents should have told this to their children when they exaggerated their incomes to buy houses they couldn’t afford and pushed prices out of control. Cause and effect. I’m happy to be making interest on my hard earned saving and hope interest rates go to 10%.

BOOMERNOMICS

Dumb & Dumber

Labor simply have the wrong approach on inflation, I think the key problem is the cost of energy which one needs to produce most of the goods and services as listed by Paul Murray. Anthony Albaneses opposition to find a sensible long term solution for energy production is what's stopping our economy from bloseming. Consider as an example the Whyalla Blast Furnace which is still down and has had a patchy operation for a long time due to the fact that Australian politicians can not find and work on a togher at any rate. So if the Treasurer comes out with speeches about inflation it is simply a smoke screen over Labors inability to manage the country.

Inflation in a time of recession causes stagflation.

When we turned buying houses as the way to make money and not investing in business productive entrepreneurial incomes. We sold our future. Fancy selling houses to wealthy overseas people to profit on capital gains on Australian citizens. It was criminal. Love to see the housing market crash 70%. After which no one can own more than 1 investment property.

Inflation will get worse in the next month or so.

We need a recession at this point... Between the high prices of goods/services and the overly inflated housing market (Both parties have a lot to answer for) young people are doomed. Its time for real reform...