If it weren't for higher interest rates, rent and Australian...

If it weren't for higher interest rates, rent and Australians stinginess, inflation would be much higher. The 3.4%, one could argue, is laughable too.

Inflation will continue to persist and will be most present in the property and stock markets. This is by design. Australians will get richer and richer while "happiness" will continue to grow in line. I mean, money buys "happiness", right? $S&P/ASX 200(.XJO.AU)$ $S&P/ASX 200 OPIC(OXJO.AU)$ $AUD(BK20039.AU)$