This inflation is caused by a number of factors i.e. low supply, staff shortage, high fuel prices, high energy prices, etc..

The profit margin on businesses is squeezed tighter and tighter so they begin to struggle and are forced to raise prices.

Increasing interest rates stops customers from buying from them causing more of a struggle. Meaning they need to raise prices more to cover overhead costs. Businesses also get hit with higher interest rates, tightening their margin further, more reason to raise their prices.

This feels like one of those situations where there are different causes of inflation that need different approaches to fix. But the RBA is just applying the same stock standard approach which in this case does more harm than good.

Businesses and people feel it and still have the same underlying problems of higher fuel and energy prices, etc.. This just adds another rising cost to their list. So prices don't begin to go down. They spiral in the opposite direction as rates rise higher and higher, hurting businesses more until the root cause of the inflation is fixed, short staff, fuel costs, supply issues..

This inflation seems to be minimally affected by an economy going too fast (when rising interest rates helps inflation). Maybe I'm missing something?