January’s underlying inflation hit 3.4%, sitting uncomfortably above the Reserve Bank’s target band and prompting fears of another interest rate hike in May.

Economist Leith Van Onselen joined Jason Matthews on 4BC Mornings to argue that government energy subsidies only temporarily masked the true cost of living, while excessive government spending continues to keep inflation high.

Hear more highlights from 4BC Mornings below and download the 4BC App on iOS or Android to ensure you don’t miss a thing!

Image: Canva

Download this podcast here