Demand pull inflation (1 Viewer)

[porkchopz]

Hi. Does anyone know an example of demand-pull inflation which occured in AUstralia?
Thanx :apig:

 

[i-color]

one major example is the housing bubble just recently. Rapid increase in demand for houses --> demand curve shifting right --> more people chasing same supply of houses in short term --> demand pull inflation

 

[mraverage]

damn beat me to it =)