Australians have been warned that the fight to tame inflation has done little to ease the burden of higher prices, which could be here to stay. Fronting a parliamentary grilling on Monday, Reserve Bank governor Michele Bullock said the country had been under significant pressure in recent years. WATCH THE VIDEO ABOVE: Higher prices here to stay warns RBA. “While inflation has fallen materially, the price level isn’t coming back down.”Bullock said no one had been immune from the impact of increased prices. “I think we’re in a very good position in terms of inflation,” Bullock said.