ANALYSIS: Australia's inflation story has turned a chapter — and it's become more sinister
Lower income Australians are already making heartbreaking decisions about what they can and can't buy during each trip to the supermarket, he says.
Hogan wants to urge anyone reading that higher interest rates are now inevitable and crucial to rebalancing the economy and any talk of the risks attached to further tightening policy is damaging.Hogan also argues there's a "misguided narrative" around the trade-off between interest rates and inflation.
The story now is darker and more sinister. The story might end where people live happily ever after, but the in-between chapters tell of higher interest rates and falling asset prices. We're at the point where wealthier Australians begin to really feel the pinch of tighter monetary policy.
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