Written by Senator Tyron Whitten

Inflation hit 3.2 percent in the September quarter, up from 2.1 percent in June.

Driven by electricity prices jumping 23.6 percent over the year as rebates ended in Queensland, Western Australia, and Tasmania. They were nothing more than a Labor trick to hide their economic ruin running into an election.

But the façade of good fiscal management could only hold up for so long, its time to pay the piper. Energy isn’t the only thing driving up inflation.

Housing has hit the roof thanks to Labor’s insane policy choices. Labor's high immigration levels are flooding the housing market, with housing up 2.5% for the quarter and 4.7% for the year! Miles ahead of the headline inflation rate.

And this doesn’t even include the soaring cost of buying established homes, ballooning under Labor’s ill-conceived 5% deposit scheme. Nor does it include the cost of interest on the ever-larger mortgages that the next generation is lumped with. No sooner have the kids signed up for 95% of a million dollar mortgage than they’re staring down the barrel of a rate rise!

Under normal economic conditions, inflation is usually accompanied by a boom in the economy. Where people are doing so well, demand fuels prices and rates are brought up to take some of the juice out of the market.

But that’s not what we’re seeing here.

Unemployment is UP! Thousands of Australian’s are losing their jobs while their costs rocket.

Labor has landed the RBA in the disastrous position of facing rising unemployment and rising inflation!

Make no mistake, Labor has driven this crisis with their disastrous policies and we are just seeing the beginning of this market sabotage!

One Nation knows what needs to be done. One Nation will scrap net-zero and save energy prices! One Nation will cut immigration and save housing! One Nation will give Australia the future it deserves.