Aug 30, 2026 – 4.39pmReserve Bank research shows rising labour costs are a key factor driving consumer prices higher, a further sign the economy’s inflation problems are flowing from domestic pressures rather than purely overseas sources that the Albanese government has sought to blame.A research bulletin published by the central bank late last week said persistent inflation that has plagued the economy since the end of the COVID-19 pandemic came in part from widespread increases in the cost of inputs into goods and services bought by consumers.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
RBA shows labour costs are driving inflation, not just oil prices
New RBA research shows labour costs have driven up the price of household goods and services as the government downplays the impact of domestic price pressures.
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