Can I point out that inflation has come down to near target ...

Can I point out that inflation has come down to near target despite this record migration? Like, both are rear view. The people have already been added, and inflation has already slowed to 3.4%. Over the same timeframe.

If that doesn't fit someone's mental model of how immigration affects price increases, it's time to adjust that mental model. That includes some statements from the RBA, by the way, not having a go at you, or posters here. It's a pervasive sort of confusion.

In RBA's defence, they always caveat whatever they say by explaining that immigration increases both demand and supply. $AUD(BK20039.AU)$ $S&P/ASX 200(.XJO.AU)$ $S&P/ASX 200 OPIC(OXJO.AU)$