The cost of living is soaring, but higher interest rates won’t help

the ABC’s Vote Compass – a questionnaire which, among other things, asks respondents to name the issue of most concern to them – to show that, at the 2016 election, only 3 per cent picked “cost of living”.

By this measure, prices rose by 1.4 per cent during the quarter and by 3.7 per cent over the year. This is the highest it’s been since 2009, and well above the Reserve’s 2 to 3 per cent target range. But Scott Morrison and Josh Frydenberg have been arguing furiously that the leap in most prices has had nothing to do with them. And I think there’s a lot of truth to their claim.Credit:Let’s look at the particular prices that do most to explain the March quarter jump in living costs. The biggest was a 5.7 per cent rise in the cost of newly built houses and units.

Third in importance this quarter is a 6.3 per cent increase in university fees caused by a federal government decision last year.

Flawed opinion Costello rag trying to push the inevitable by another month.

True true

Has to happen, China lying at the start has destroyed the world economy, question is why is the world silent on origins after all the death and destruction.. Something very fishy going on

they really have no choice. its to be expected .

rba should have raised rates on 5 April, that was the time. but now they need to election or no election

If they do not it will continue to fuel inflation and skyrocketing house prices.

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