What are the new inflation figures?

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Flow on effects still to come

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The big jump for the CPI has created some dramatic headlines, but digging just a bit deeper into the data reveals a different story. 

On this episode of Dollars & Sense, Greg and Elinor discuss the latest inflation figures, which are the first to include the impact of the war in Iran, and why the RBA should take a step back and look at all the data, before they meet to assess interest rates next week. 

This discussion was recorded on Thursday 30 April 2026. 

Visit The Point for research, analysis, explainers and factchecks from experts at the Australia Institute and beyond. 

Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut 

Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek 

Show notes: 

Another RBA rate rise won’t fix inflation – it will just smash households already hit by soaring fuel costs, by Greg Jericho, Guardian Australia (April 2026) 

Rate hikes won’t fix inflation caused by fuel prices, by Matt Grudnoff, The Point (April 2026) 

Theme music: Blue Dot Sessions 

We’d love to hear your feedback on this series, so send in your questions, comments or suggestions for future episodes to podcasts@australiainstitute.org.au. Subscribe to Dollars & Sense on Apple Podcasts, Spotify, Pocket Casts or wherever you get your favourite podcasts. 

The big jump for the CPI has created some dramatic headlines, but digging just a bit deeper into the data reveals a different story.&nbsp;
On this episode of&nbsp;Dollars &amp; Sense,&nbsp;Greg&nbsp;and Elinor&nbsp;discuss&nbsp;the latest inflation figures, which are the first to include the impact of the war in Iran, and why the RBA should take a step back and look at all the data, before they meet to assess interest rates next week.&nbsp;
This discussion was recorded on Thursday 30 April 2026.&nbsp;
Visit&nbsp;<a href="https://thepoint.com.au/">The Point</a>&nbsp;for&nbsp;research, analysis, explainers and factchecks&nbsp;from experts at the Australia Institute and beyond.&nbsp;
Host: Greg Jericho, Chief&nbsp;Economist, the Australia Institute&nbsp;//&nbsp;<a href="https://bsky.app/profile/grogsgamut.bsky.social">@grogsgamut</a>&nbsp;
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute&nbsp;//&nbsp;<a href="https://bsky.app/profile/elinorjohnstonleek.bsky.social">@elinorjohnstonleek</a>&nbsp;
Show notes:&nbsp;
<a href="https://www.theguardian.com/business/grogonomics/2026/apr/30/inflation-rba-interest-rate-rise-reserve-bank-australia-abs">Another RBA rate rise won&rsquo;t fix inflation &ndash; it will just smash households already hit by soaring fuel costs</a>,&nbsp;by Greg Jericho,&nbsp;Guardian Australia&nbsp;(April&nbsp;2026)&nbsp;
<a href="https://thepoint.com.au/explainers/260429-rate-hikes-wont-fix-inflation-caused-by-fuel-prices">Rate hikes&nbsp;won&rsquo;t&nbsp;fix inflation caused by fuel prices</a>, by Matt Grudnoff,&nbsp;The Point&nbsp;(April 2026)&nbsp;
Theme music: Blue Dot Sessions&nbsp;
We&rsquo;d&nbsp;love to hear your feedback on this series, so send in your questions,&nbsp;comments&nbsp;or suggestions for future episodes to&nbsp;<a href="mailto:podcasts@australiainstitute.org.au">podcasts@australiainstitute.org.au</a>.&nbsp;Subscribe to Dollars &amp; Sense on <a href="https://podcasts.apple.com/au/podcast/dollars-sense/id1717300562">Apple Podcasts</a>, <a href="https://open.spotify.com/show/5FWzwVKWUR2tZCbXSKuBE2?si=1c2f3558cc6d44ab">Spotify</a>, <a href="https://pocketcasts.com/podcast/dollars-sense/9cc37d00-6a4f-013c-9f4c-0acc26574db2">Pocket Casts</a> or wherever you get your favourite podcasts.&nbsp;

Economic data can tell us a lot about what's happening the economy and society, but it's easy to get lost in data. Dollars and Sense dives into the latest economic figures to explain how they impact you and what they tell us about the state of the Australian economy, with host Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia.

Economic data can tell us a lot about what's happening the economy and society, but it's easy to get lost in data. Dollars and Sense dives into the latest economic figures to explain how they impact you and what they tell us about the state of the Australian economy, with host Greg Jericho, Chief Economist at the Australia Institute and the Centre for Future Work and popular columnist of Grogonomics with Guardian Australia.

Dollars & Sense

Dollars & Sense demystifies the latest economic figures, how they impact you and what they can tell us about the economy, with host with Greg Jericho, Chief Economist at the Australia Institute and Centre for Future Work, and author of Guardian Australia's Grogonomics column.  

Dollars &amp; Sense demystifies the latest economic figures, how they impact you and what they can tell us about the economy, with host with Greg Jericho, Chief Economist at the Australia Institute and Centre for Future Work, and author of Guardian Australia's Grogonomics column.

The big jump for the CPI has created some dramatic headlines, but digging just a bit deeper into the data reveals a different story. 