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A big increase in use car prices drove the inflation rate higher in April. AP Photo/David Zalubowski

Why the inflation rate doesn’t tell the whole story – all it takes is a spike in a category like used cars to cause consumer prices to soar

The average price of US goods and services surged in April, leading some to worry the economy is beginning to experience dangerously high levels of inflation. A scholar explains why that’s unlikely.
A surface coal mine in Gillette, Wyoming, photographed in 2008. Greg Goebel/Flickr

It’s time for states that grew rich from oil, gas and coal to figure out what’s next

The pandemic recession has reduced US energy demand, roiling budgets in states that are major fossil fuel producers. But politics and culture can impede efforts to look beyond oil, gas and coal.
Gas burning at Victoria’s Longford Gas Conditioning Plant. Australia is the world’s largest exporter but intends t import gas to shore up local supplies. Joe Castro/AAP

Australia has plenty of gas, but the price is extreme. The market is broken

If Australia is the biggest gas exporter in the world, why are we shipping it back in? Because the gas market is dysfunctional - and it means consumers are suffering.
The government is now firmly focused on lowering household power bills. AAP Image/Julian Smith

Capping electricity prices: a quick fix with hidden risks

Australians are angry about electricity prices and both the federal government and opposition are proposing to cap them. Will this approach work, and what are the risks?

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