Graph 8  Terms of Trade and Resources Investment  index  index  Terms of trade 2019/20 = 100  125  125  100  100  75  75  %  %  Resources investment* Share of nominal GDP  9  9  6  6  3  3  0  2002  2006  2010  2014  2018  0 2022  *  Financial year.
Sources: ABS; RBA  All four of these supply-side developments are first-order issues that are likely to affect the environment for Australian business over the years ahead. They are also likely to affect the inflation dynamic here and elsewhere, leading to more variability in inflation from year to year. This extra variability in inflation can come through two channels.