It is the same everywhere

It is funny how the headlines are the same all over the world; house prices down, inflation rising, growth slowing and central banks that don't know what to do. There is a sample from Australia.

HOME lending growth has suffered its biggest decline since the 1991 recession
while inflation continues to soar, confronting the Reserve Bank with the dilemma
of a slowing economy and simultaneously rising prices as it meets today to set
interest rates.

Inflation, according to the series, has been at or above 4 per cent for the past five months - and above the Reserve Bank's 2-3 per cent comfort band since September.