Is the cost of living falling fast enough for the RBA?

Making Money Easy

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There's been a bit of a win - consumers are tightening their belts. The monthly Consumer Price Index (CPI) indicator rose 5.6 per cent in the 12 months to May 2023. According to the Bureau of Statistics - that's the smallest increase since April last year. This episode the experts tackle the big question - is inflation going down fast enough to satisfy the Reserve Bank. And it's a crucial one to answer with the July RBA board meeting upon us. And happy new financial year. There's a key change about to be rolled out on wages while the experts explain how to use enterprise agreements and rents to predict what's coming down the inflation pipeline. Independent Economist Nicki Hutley and Economics Editor at The Conversation and visiting fellow at The Crawford School of Public Policy Peter Martin, join Gillian to explain.

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