Jul 22, 2026 – 11.41amHigh inflation is a much bigger concern for Australians than housing affordability, interest rates and wages, upping the ante on the Reserve Bank of Australia and the Albanese government to get persistent price pressures under control.However, a lack of economic literacy among the public is making it harder for the RBA to convince people that higher interest rates will reduce inflation, with twice as many people incorrectly thinking rising borrowing costs will increase consumer prices.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Inflation a bigger worry than housing for Australians
Lack of economic literacy among the public is making it harder for the RBA to convince people that higher interest rates will reduce inflation.
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