Inflation across Australia increased to 6.1 per cent in the past 12 months – and 7.4% in Perth – as high construction and petrol prices continue to squeeze consumers.

Market Economics managing director and independent economist Steve Koukoulas said sometimes it was good to get the bad medicine out of the way early.

"The better and quicker you achieve your targets [you should], and because we have inflation so high, and such a low unemployment, it means we can get away with aggressive moves," he told Liam Bartlett on 6PR Mornings.

Inflation across Australia increased to 6.1 per cent in the past 12 months – and 7.4% in Perth – as high construction and petrol prices continue to squeeze consumers.
Market Economics managing director and independent economist Steve Koukoulas said sometimes it was good to get the bad medicine out of the way early.
"The better and quicker you achieve your targets [you should], and because we have inflation so high, and such a low unemployment, it means we can get away with aggressive moves," he told Liam Bartlett on 6PR Mornings.

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

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