Thanks for logging in.

You can now click/tap WATCH to start the live stream.

Thanks for logging in.

You can now click/tap LISTEN to start the live stream.

Thanks for logging in.

You can now click/tap LATEST NEWS to start the live stream.

LISTEN
Watch
on air now

Create a 4BC account today!

You can now log in once to listen live, watch live, join competitions, enjoy exclusive 4BC content and other benefits.


Joining is easy.

Advertisement
Advertisement
Advertisement

Australians feeling the squeeze with rising inflation rate

Article image for Australians feeling the squeeze with rising inflation rate

The inflation rate is up by 1.9%, with the cost of living generally high in Sydney, Melbourne and Canberra while Adelaide and Perth are seeing lower costs.

Ross Greenwood speaks with Head of Australian Macroeconomics for Oxford Economics Sarah Hunter to find out what is driving the rate.

“Wages are just not rising that quickly, so there’s no need for firms to pass on higher wages through final prices.

“The cost of goods and services that we import from abroad, they feel back a bit too, but that’s more subject to international pressures.

“The combination of those two things are the main reason we’ve got a bit of a lid on CPI inflation at the moment.”

Ms Hunter tells Ross people are feeling the squeeze.

“Prices not going up is a good thing, but if your income isn’t going up either, you’re going to be squeezed.”

Listen to the full interview below

Brooke Corte
Advertisement