Energy costs in Australia soar, sparking criticism of the government's response to the cost-of-living crisis.
The cost of energy in Australia has surged, leading to criticism of the government's handling of the cost-of-living crisis, especially under Prime Minister Anthony Albanese. The Reserve Bank attributes rising prices to economic stimulus during lockdowns, which increased demand and allowed businesses to hike prices. Energy firms AGL and Origin are accused of profiteering, while economists face scrutiny for their limited real-world predictions.
3 months ago
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