Question
The article from Forbes (https://www.forbes.com/advisor/au/personal-finance/why-is-inflation-rate-so-high/) suggests that one reason inflation is high is because of the HomeBuilder Grants provided by the government as part of
The article from Forbes (https://www.forbes.com/advisor/au/personal-finance/why-is-inflation-rate-so-high/) suggests that one reason inflation is high is because of the HomeBuilder Grants provided by the government as part of its COVID-19 fiscal stimulus package. HomeBuilder provides eligible owner-occupiers with a grant to build a new home or renovate an existing home. These grants were designed to support confidence in the residential construction sector during the COVID19 pandemic. The scheme was available for contracts signed between June 2020 and March 2021. Note that building work could commence after the contracts were signed. Using the data found in the spreadsheet titled "SAQ Data" graph quarterly and year-ended housing inflation (which captures house construction costs). Do you find evidence that the scheme increased inflation?
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