Thing is ... the first two factors contributing to inflation are things the general populace can't do anything about ...
We can't and governments won't control the rents, the outrage from Investors would be earth shattering.
We and government can't control the purchase of Durable Goods because the economy is based on consumerism and it's all about jobs, jobs, jobs ..
And because it is so, white good rarely last five years and many don't even last a year past the guarantee, so need to be replaced on a regular basis. Same with cars.
The Market Services is about lifestyle choices and what the hell does a Medical Appointment have to do with choices?
Funny how the inflation rate was down with all of the rate cuts while we were told to spend, spend, spend for jobs, jobs. jobs under the Liberal government ... but suddenly inflation doubled from 2021 to over 6% in 2022 and rate rises were suddenly urgent as soon as Labor got into office ...
But they say coincidences do happen ...
From my view the RBA's decisions are all about Mates Rates ... like workers not asking for wage rises ... And spending less will mean lower profits and workers put off which will require more welfare ...
It's a Catch 22 situation and the public be damned ...
Rich bankers only want other people's money in the bank while they spend on restaurant meals, taxis, haircuts, gym memberships and holiday travel ...
https://theconversation.com/what-the-rba-wants-australians-to-do-next-to-fight-inflation-or-risk-more-rate-hikes-274984