"Henry" seems to have pulled off another with his successful prediction of no new interest rate movement from 9:30 today.

We shall see how the RBA looks at rates at their next meeting - a quarter of a percent sounds about right, and probably another quater towards xmas --> 6.25%.

With a federal election now less than 12 months away, the impact of inflationary pressure may be more desirable than more hikes in the interest rates from a political vantage. An increase in salaries and wages before an election always makes headlines...

"Against this there is a clear overall rise in CPI inflation"

I hope that the author is not saying that the CPI is a measure of the inflation rate. Surely the CPI merely measures (inaccurately) the effect of inflation and other influences on prices.

Ho, hum, Prediction wrong! But what could we expect from a paltriness back flip. Interest rate has gone up & the majority of comments on this forum goes to the Middle East Conflict & weather or wither there is poo in the drinking water.

Yesterdays economist commenting on this days bedlam, just does not gel. In my district housing rents go up daily, more and more workers coming in for the big money from Coal mineing, loose it so quickly in high rentals or accommodation & food as well as travel costs on top of living away from home, long working hours, they gain very little for the inconveniences.
Still, they can probably cope with the slight rise in percentage rate. How the rest of us fare, will be another notch tightened in the belt.