Рет қаралды 28,506
A higher than expected inflation number has raised the likelihood of the Reserve Bank hiking interest rates in August, as the central bank struggles to rein in spending.
Subscribe: ab.co/1svxLVE
Chief Business Reporter Ian Verrender says goods inflation is under control, but services inflation - rent, health, insurance - remains stubbornly high.
ABC News provides around the clock coverage of news events as they break in Australia and abroad. It's news when you want it, from Australia's most trusted news organisation.
For more from ABC News, click here: ab.co/2kxYCZY
Watch more ABC News content ad-free on ABC iview: ab.co/2OB7Mk1
Go deeper on our ABC News In-depth channel: ab.co/2lNeBn2
Like ABC News on Facebook: / abcnews.au
Follow ABC News on Instagram: / abcnews_au
Follow ABC News on X (Twitter): / abcnews
Note: In most cases, our captions are auto-generated.
#ABCNews #ABCNewsAustralia