The Albanese government came to power promising lower electricity prices, lower inflation, and higher wages.

One year on, we have sky-high electricity prices, sky-high inflation, and much lower real wages.

Get used to it, because most of the policies of the Albanese government are inflationary, driving your cost of living up.

The only tool being used to address inflation’s wealth-sapping effect is the blunt instrument of the Reserve Bank’s interest rate rises.

And Australia’s 3.3