Despite big talk from the government about punishing any fuel retailers profiteering from the global energy crisis, many forms of price gouging remain perfectly legal.
On this episode of Dollars & Sense, Matt and Elinor discuss how profits are driving inflation, why the Australian Competition and Consumer Commission doesn’t have the power to take on price gouging properly, and why migration is not causing Australia’s housing crisis. Then, the wheels come off talking about the meat industry.
This discussion was recorded on Thursday 26 March 2026.
What we owe the water: It’s time for a fossil fuel treaty by Kumi Naidoo, is available now for just $19.95. Use the code ‘PODVP’ at checkout to get free shipping.
You can also subscribe to the Vantage Point series to get four essays a year on some of the most pressing issues facing Australia and the world.
Host: Matt Grudnoff, Senior Economist, the Australia Institute // @mattgrudnoff
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek
Show notes:
The data shows Australia’s population growth isn’t out of control, it has simply returned to trend by Matt Grudnoff, The Point (March 2026)
Rising profit margins turbocharged Australia’s latest inflation figures – but something worse is just around the corner by Greg Jericho, Guardian Australia (March 2026)
Profit push is back: the increase in inflation is due to profits by Greg Jericho and Dave Richardson, The Point (March 2026)
Theme music: Blue Dot Sessions
We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au. Subscribe to Dollars & Sense on Apple Podcasts, Spotify, Pocket Casts or wherever you get your favourite podcasts.
Combined with the 50 basis points rise in February and March in less than 2 months households are paying the equivalent of a 90 basis point rise in interest rates.
Will a gas export tax harm our diplomatic relationships? No. Foreign companies being sad about having to pay some tax in Australia is quite different to foreign countries losing trust in Australia as a reliable trade partner.
KPMG have accepted the data their clients gave them and used a methodology that their clients asked for, and are claiming that they are not to blame if these numbers are used on enormous billboards that could mislead policymakers and the public. This is nothing more than major consultants joining big gas in taking the piss.
