The Construction, Forestry, Maritime, Mining and Energy Union (CFMEU) believe “greedy corporations” are fuelling Australia’s inflation crisis by dramatically increasing prices and making massive profits.

CFMEU incoming national secretary Zach Smith told Oliver Peterson on Perth Live the Reserve Bank of Australia’s model is broken. 

“All that the RBA can do to fix that inflationary crisis is to belt working people over the head,” said Mr Smith.

Press PLAY below to hear why Mr Smith believes the RBA model is broken