inflation

Persistent high inflation would mean dealing with it for longer and even higher interest rates, the RBA has warned.

While current high inflation came as ‘a shock’ its pressure could get ‘more variable’, the central bank has warned.

Banks and entities have released new analyses and forecasts after the latest inflation data came in higher than expected.

Annual inflation has continued to fall from its peak, the latest ABS data has revealed.

The higher-than-expected inflation figures for April could weigh on the central bank’s monetary policy decision next week.

People are once again spending their hard-earned money after a couple years of scrounging, adding further fuel to the rate cut fire.

The latest CPI figures have revealed that inflation has returned to the RBA’s coveted 2–3 per cent range.

An ANZ economist predicts headline inflation will fall in Q1 2023, indicating another rate pause is expected in May. 

Latest housing data reveals supply constraints and labour costs have fuelled the fastest building-industry inflation rate over the past four decades.

The RBA governor has conceded that the board did not respond promptly enough with interest rate increases when inflation began to rise.

Ahead of the monthly consumer price index data out today (28 June), consumers’ inflation expectations have jumped.

Most big four banks expect a 0.25 per cent rate hike today, but recent inflation data may have put 50bps back on the table.

A pause in the cash-rate hike trend seems unlikely, after ABS Q3 data revealed wage inflation growth.

With the release of the June quarter inflation data today, economists are uncertain it will ease enough to keep interest rates on hold.

Glenn Stevens, a former governor of the Reserve Bank of Australia and chairman of Macquarie, has warned Australians of the difficult road ahead.