The return of inflation may poison Labor’s second-term agenda and scare more voters to the fringes

As economic grievance grows in the electorate, an interest rate hike is the last thing our fraught politics needsGet our breaking news email, free app or daily news podcastCost of living has been bubbling along as the number-one issue for Australian households, and now it threatens to hijack the Albanese government’s second-term agenda.The return of high and rising inflation is not only a blow to workers who were finally starting to see some real growth in their wages through 2025. It also risks further polarising and antagonising our already fraught politics. Continue reading...