Getting inflation ‘under control’ is ‘not the simplest thing’

Deloitte Access Economics Lead Partner Pradeep Philip says getting inflation “under control” is “not the simplest thing”. In figures released on Thursday, the unemployment rate has risen from 3.7 per cent to 3.8 per cent. “Getting inflation under control is not the simplest thing in the world,” Mr Philip told Sky News Australia. “It requires quite a few things, and you can’t just rely on the blunt instrument of interest rates to do all that work. “We’re already seeing inflation starting to come down, and coming down over the next 12 months, well within the Reserve Bank target.”