Inflation -

[Peanutbutteryday]

I’m not an economist nor very well versed in understanding inflation, but is our inflation not in part driven by a lot of people’s need to “want everything” or is it far more complex than that?

One example - restaurants etc are all very busy here, busy as normal, despite prices rising and I don’t get the vibe that many have cut back on going out.

Inflation has a complicated make-up, but so longer as people are going out and spending their pay rises there is too much money chasing insufficient goods or services and so inflation will not reduce. That’s a bit simplistic, but is basically the main thrust.

Yes I see. Thanks.