AI summary
Australia’s high inflation is offset by strong employment, keeping its overall economic misery index moderate despite significant cost-of-living pressures.
AI-generated summary. Check the original reporting for context and accuracy.
Australia has an especially bad inflation problem. So why are we only middle-of-the pack on the misery index?
Source excerpt
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Comparing Australia to other countries may not be much comfort but does offer some perspective on the economyGet our breaking news email, free app or daily news podcastIs Australia’s inflation problem worse than the rest of the world’s?A day after the Reserve Bank delivered its fifth interest rate hike for the year, increasingly stressed mortgage holders would be justified asking. Continue reading...
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