The Reserve Bank is likely to get on the front foot and implement the first back-t0-back interest rate hike in 12 years on Tuesday to contain consumer price outbreaks and inflation.

CommSec senior economist Ryan Felsman said he believed the RBA would adopt a gradual approach to lifting the cash rate across its monthly meetings this year.

"For the 35 per cent of Australians that have a mortgage, this will be a challenging period," he told Liam Bartlett on 6PR Mornings.

"The key focus at the moment is cost of living measures, it's certainly an issue around the world at the moment, not unique to Perth or Australia generally.

"We have seen vegetable prices rise quite sharply, shoppers are paying around $12 a head for iceberg lettuce."

Bartlett said a pair of shoppers at a WA Coles store were spotted stripping the outer leaves of iceberg lettuces and filling their trolleys with them.

The Reserve Bank is likely to get on the front foot and implement the first back-t0-back interest rate hike in 12 years on Tuesday to contain consumer price outbreaks and inflation.
CommSec senior economist Ryan Felsman said he believed the RBA would adopt a gradual approach to lifting the cash rate across its monthly meetings this year.
"For the 35 per cent of Australians that have a mortgage, this will be a challenging period," he told Liam Bartlett on 6PR Mornings.
"The key focus at the moment is cost of living measures, it's certainly an issue around the world at the moment, not unique to Perth or Australia generally.
"We have seen vegetable prices rise quite sharply, shoppers are paying around $12 a head for iceberg lettuce."
Bartlett said a pair of shoppers at a WA Coles store were spotted stripping the outer leaves of iceberg lettuces and filling their trolleys with them.

Perth Today will keep you up to date with all the latest breaking stories and issues in Perth.

Perth Today will keep you up to date with all the latest breaking stories and issues in Perth.

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