Dr Sam Wylie

It's not surprised.

It was inevitable to a certain extent, Owen, that inflation would become the big question after COVID-19.

Because inflation, as you know, means the prices in the economy going up, prices of cars, of houses, of restaurant meals, of clothing, of everything, of all the goods and services.

You know, goods like, as I said, cars and computers and phones, and services like Uber rides and restaurant meals and

and holidays and the like, and education and the like.

So the price of goods and services going up in general across the economy, that's what inflation means.

It's just like blowing up a balloon.

There's some pressure that's forcing everything up, everything out.

And so that's what inflation means.

And there's different types of inflation.

And what we're referring to here is consumer price inflation, the cost of living inflation.

as they say.

And that's the CPI.

That's the thing that is put together by the Australian Bureau of Statistics.

It's reported every three months in Australia.

And it's a big deal when it comes out, the cost of living.

And it's an index.

I know I'm banging on a bit here, but it's an index, which means it's helpful to explain what an index is.

So if I was to say to you, Owen, you know, what happened to inflation last year, it's unhelpful to come back with computers up 6% and airline travel down 5% and cars up 4% and chewing gum up 3%, etc.

You know, I don't want, it's unhelpful for you to bang on and on about it.