Rising inflation eventually must ‘erode’ parts of the economy

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Sky News Business Editor Ross Greenwood says rising inflation eventually has to “erode” parts of the economy, especially employment prospects.

Mr Greenwood discussed the issue with The Australian’s Washington Correspondent Adam Creighton.

“It’s quite often a signal when you have a very low unemployment rate, that there is a very high probability of a sudden rise in it,” Mr Creighton said.

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