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Comments by "" (@pwillis1589) on "Albanese government coming in to ‘push wages up’ led to Australia’s cost of living crisis" video.
Hyperinflation at 5.4%? You are suffering a case of hyperbole.
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@alejandrotorresriquelme8714 No problems with any of that as it is pretty much school taught economics , however with a target inflation rate of 2-3% by the RBA and the official annual rate of 5.4% and falling I stand by my remark of your original comment. Pure hyperbole on your part.
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If you really want an example of hyperinflation then look at Argentina, Zimbabwe, or Venezuela, and actually compare their annual inflation rates and compare them with ours and you will understand how silly your claim was.
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@InfinityIsland2203 A claim made without evidence is dismissed as unsubstantiated nonsense. The ABS collects data over a wide variety of goods and services from every state and region in Australia. They publish that data free from any government influence publicly. You can go to their website yourself. You are deluded if you honestly think your personal experience is a better guide to determining the national average inflation rate.
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