Listener Arabella asks: You guys talk about headline inflation and underlying inflation. Can you give a simple explanation of the difference between the two, and why it matters?

Join Sean Aylmer & Michael Thompson as they answer listener questions.

If you have your own question for Ask Fear & Greed, get in touch via our website, LinkedIn, Instagram or Facebook!

Listener Arabella asks:&nbsp;You guys talk about headline inflation and underlying inflation. Can you give a simple explanation of the difference between the two, and why it matters? Join Sean Aylmer &amp; Michael Thompson as they answer listener questions. If you have your own question for Ask Fear &amp; Greed, get in touch via our&nbsp;<a href="https://www.google.com/url?q=http://fearandgreed.com.au&amp;sa=D&amp;source=calendar&amp;ust=1738405509635745&amp;usg=AOvVaw2r-mPiDENIvSUR7pNDfX8h">website</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.linkedin.com/company/fear-and-greed&amp;sa=D&amp;source=calendar&amp;ust=1738405509635745&amp;usg=AOvVaw2Dw0Y4Xic9BQ6215KC1A-8">LinkedIn</a>,&nbsp;<a href="https://www.google.com/url?q=https://www.instagram.com/fearandgreedpodcast/&amp;sa=D&amp;source=calendar&amp;ust=1738405509635745&amp;usg=AOvVaw0OvkwtIa1tV-J5Tn_Sgxbe">Instagram</a>&nbsp;or&nbsp;<a href="https://www.google.com/url?q=https://www.facebook.com/FearAndGreedPodcast&amp;sa=D&amp;source=calendar&amp;ust=1738405509635745&amp;usg=AOvVaw1U5RNoysR7oiBVnaOK99ls">Facebook</a>!

Business news you can use. A daily business news podcast with journalists Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Business news you can use. A daily business news podcast with journalists <a href="https://www.linkedin.com/in/sean-aylmer-9922068/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/sean-aylmer-9922068/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw0wu3ezGEfBZFYspJbTTaYL">Sean Aylmer</a>&nbsp;and&nbsp;<a href="https://www.linkedin.com/in/mcwthompson/" data-saferedirecturl="https://www.google.com/url?q=https://www.linkedin.com/in/mcwthompson/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw08pZ8jZ88rHJgCfbHkTr5k">Michael Thompson</a>.&nbsp;Find out more at&nbsp;<a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/" data-saferedirecturl="https://www.google.com/url?q=https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain%3Dfearandgreed.com.au/&amp;source=gmail&amp;ust=1689199223540000&amp;usg=AOvVaw1DLq_FuqjEt3HC-ZK1704H">https://fearandgreed.com.au</a>

Fear and Greed is Australia's most popular business podcast.

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Daily business news for people who make their own decisions, with business journalist Sean Aylmer and Michael Thompson. Find out more at https://fearandgreed.com.au

Daily business news for people who make their own decisions, with business journalist <a href="https://www.linkedin.com/in/sean-aylmer-9922068/">Sean Aylmer</a> and <a href="https://www.linkedin.com/in/mcwthompson/">Michael Thompson</a>. Find out more at <a href="https://protect-au.mimecast.com/s/7AmQCOMxmAtl5q0qiE-KY7?domain=fearandgreed.com.au/">https://fearandgreed.com.au</a>

Ask Fear & Greed: What's the difference between headline and underlying inflation?

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/512a67b5-f285-4ff1-9b82-b27200ad8024/transcript

Frequent flyer points were once a fairly simple way for airlines to reward loyal customers. Today they sit at the centre of enormous commercial ecosystems, influencing where we shop, which cards we use and even how much we’re prepared to pay.

Sean Aylmer speaks with management consultant and loyalty expert David Maloney, author of Points: Mastering the Game of Frequent Flyers. They talk about how the points economy makes money, why Qantas has become so good at it, and the behavioural economics that keeps consumers hooked.

Frequent flyer points were once a fairly simple way for airlines to reward loyal customers. Today they sit at the centre of enormous commercial ecosystems, influencing where we shop, which cards we use and even how much we&rsquo;re prepared to pay. Sean Aylmer speaks with management consultant and loyalty expert David Maloney, author of Points: Mastering the Game of Frequent Flyers.&nbsp;They talk about how the points economy makes money, why Qantas has become so good at it, and the behavioural economics that keeps consumers hooked.

Q+A: Why Australians are hooked on points

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/a3f01c65-2c39-4487-ab30-b4c000b9c729/transcript

This is the Fear & Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.


ASX hits six-week low as oil nears $US100


Blanche d’Alpuget dies aged 82


Hastie takes aim at One Nation


Counterbid for Austal


US steps up trade war with Canada

Join our free daily newsletter here.

This is the <a href="https://fearandgreed.com.au/">Fear &amp; Greed</a> Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.
<ol>
<li aria-level="1">
ASX hits six-week low as oil nears $US100
</li>
<li aria-level="1">
Blanche d&rsquo;Alpuget dies aged 82
</li>
<li aria-level="1">
Hastie takes aim at One Nation
</li>
<li aria-level="1">
Counterbid for Austal
</li>
<li aria-level="1">
US steps up trade war with Canada
</li>
</ol>
Join our <a href="https://fearandgreed.com.au/newsletter-signup">free daily newsletter here</a>.

Afternoon Report | ASX hits six-week low

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/bcc1d2f0-3744-4ea0-9576-b4c000745722/transcript

Wednesday 9 September 2026

Business conditions and consumer sentiment fall, as the RBA warns it may lift rates again. 
The federal government declares a ‘global reckoning is coming for big tech’
A major shakeup for Australian cricket, with the green light given to private investors 
The US’s trade war with Canada escalates
Why Gen Z is refusing to network

 

Hit follow on the podcast so you don’t miss the latest news, and join our free daily newsletter here. 

 

And don’t miss the latest episode of How Do They Afford That?- Your super is changing. Here's what to check. Get the episode from Apple, Spotify or anywhere you listen to podcasts.

Wednesday 9 September 2026
Business conditions and consumer sentiment fall, as the RBA warns it may lift rates again.&nbsp;
<ul>
<li aria-level="1">The federal government declares a &lsquo;global reckoning is coming for big tech&rsquo;</li>
<li aria-level="1">A major shakeup for Australian cricket, with the green light given to private investors&nbsp;</li>
<li aria-level="1">The US&rsquo;s trade war with Canada escalates</li>
<li aria-level="1">Why Gen Z is refusing to network</li>
</ul>
&nbsp;
Hit follow on the podcast so you don&rsquo;t miss the latest news, and join our free <a href="https://fearandgreed.com.au/newsletter-signup">daily newsletter here</a>.&nbsp;
&nbsp;
And don&rsquo;t miss the latest episode of <a href="https://fearandgreed.com.au/how-do-they-afford-that-sugar-mamma-canna-campbell/">How Do They Afford That?</a> - Your super is changing. Here's what to check. Get the episode from <a href="https://podcasts.apple.com/au/podcast/how-do-they-afford-that/id1644255235">Apple</a>, <a href="https://open.spotify.com/show/1EW5WRlRh7MovSBNkk6dG8?si=b2203ec2fa934a14">Spotify</a> or anywhere you listen to podcasts.

Business, consumers feel squeeze; big tech’s ‘global reckoning’; cricket shake-up

https://api.omny.fm/orgs/2fb3740d-3436-44af-8cc0-a91900716aa5/clips/f0b520a7-8bc9-44f8-8c2f-b4bf00b1c25c/transcript

Ask Fear & Greed: What's the difference between headline and underlying inflation?

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