An inflationary mixed bag
6/24/202628 min
The latest CPI numbers showed headline inflation easing thanks in part to falls in fuel prices.
But the trimmed figure - which helps to measure underlying inflation came in hotter than the previous month.
So where does this leave the RBA on the question of 'where to next' on interest rates?
Meanwhile - there’s been a budget deal with Labor and the Greens. What do you need to know about it?
And why are some Australians noticing a spike in their electricity bills?
Be sure you're keeping up with the latest breaking business and economics news on the ABC Live Business Blog.
Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.
Got a burning business question?
We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au and we'll attempt to answer it.
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Transcript preview
First 90 secondsSteph Chalmers0:00
[upbeat music] ABC Listen. Podcasts, radio, news, music, and more.
Patricia Karvelas0:05
[upbeat music] Hi, I'm Patricia Karvelas, the host of Politics Now. And sometimes it can be hard to cut through all the noise from the Canberra Bubble. But on the Politics Now podcast, bursting it wide open is our core business. I'm joined by the brightest minds at the ABC to break down the poli-speak and have a chat about what's actually going on behind the scenes. It's called Politics Now, and you can find it on ABC Listen.
Carrington Clarke· Host0:35
Well, we've got them. Hot off the press, the latest CPI numbers, and they show headline inflation easing thanks in part to falls in fuel prices. But the trimmed figure, which helps to measure underlying inflation, came in hotter than the previous month. So where does this leave the RBA on the question of where to next on interest rates? Welcome to ABC Business Daily. [upbeat music] I'm Carrington Clark.
Steph Chalmers1:04
And I'm ABC Business reporter Steph Chalmers.
Carrington Clarke· Host1:07
Steph, thank you for joining me again for inflation figures. It's nice that they provide them monthly to us now so we get this interaction- Yeah, this- ... once a month ...
Steph Chalmers1:14
feeling a bit of deja vu here, I have to say.
Carrington Clarke· Host1:16
[laughs] A little bit of deja vu, uh, but this is critically important data, isn't it, for where to next for interest rates? A lot of forecasts before we, uh, get to this day from different economists and,