he Australian economy benefited from the country’s post-pandemic reopening but in the past year inflation rocketed to 7.8%, the highest in three decades.
The rise was largely driven by higher prices of new homes, increased costs of transport and long-deferred holidays. The combined wealth of the country’s 50 richest swelled to $213 billion, a hefty 70% jump from 2019 when we last published the list.
Inappropriate
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: