'Australians and businesses know' that prices are rising

Sky News Business Editor Ross Greenwood says the official annual inflation rate ended 2021 at 3.5 per cent.

"For the quarter it was 1.3 per cent - that was much higher than was expected," Mr Greenwood said.

"Australians know it - business knows it - prices are rising, and that spells higher inflation."

It comes as pressure is increasing for the RBA to raise interest rates from their record lows.

[kerryjohns]

Prices are rising and customers are declining

[tomjones]

Greedy banks getting beyond greedy fixed ur headline skynews

[scorpioownedya]

Well Some People Are Being Kicked Out Of Rental Properties, And Rent Is Rising $100- $150 Per Week So... Better Be Some Big Pay Rises For The Underpriveledged!! Your $50 Per Week Aint Gonna Cut It 😡😡

[eyesee]

How about they put the cash rate up too. why would you even put interest rates that low kicking the can down the road

[gsydaz]

Inflation is officially 4.6% where I am, with many stating it's running even higher than that.

[imantifeminism]

They haven't started the economic collapse yet, if they started raising interest rates that would be the end of the housing market

[paulroberts]

What a s*** system we live under but I'm sure there is someone happier

[kellyco]

The government’s debts have to be paid don’t they ?

[gazzo]

No toilet paper in supermarket's....
Why ?
Answer is because Canberra poli's have taken all the supply for the constant verbal diiahorea, period.
Time for a change people!

[bcskitouring]

Hope interest rates go up and house prices crash😃

[muzzleflash]

Berkey water filter systems to raise prices by 30% in February.

[cuzzywuzzyfuzzy]

whose gonna come save us and bail us out of this turmoil when it peaks in a couple years? Clear my debt lol

[gemthetics]

"Call on the Lord in the day of trouble,
and He will deliver you."
     -Psalm  50 : 15