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

todayJanuary 29, 2026 2

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As economic grievance grows in the electorate, an interest rate hike is the last thing our fraught politics needs

Cost 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.

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Source: www.theguardian.com

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Written by: truelightfm

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