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Inflation on the run
Published 2 months ago
Description
Inflation is rising at its fastest pace since September 2023 - driven in part by the global fuel shock - and it is now putting fresh pressure on the Reserve Bank ahead of next week’s rates decision.Australia’s annual headline CPI rose to 4.6 per cent in March, up from 3.7 per cent in February, driven by a surge in the cost of energy as the oil supply shock bites.So what do the latest CPI numbers say about the state of the Australian economy? And how much of the full energy shock is still to come?
Carrington Clarke and ABC Business Reporter Steph Chalmers break it all down on ABC Business Daily.
Got a burning business question?
Send a short voice recording to Carrington and the team at abcbusinessdaily@abc.net.au