Australians are buying way less stuff. Households are draining their savings. 

Yet at the same time, we’ve been hearing months of warnings that the Reserve Bank might again hike mortgage rates.

That all changed on Wednesday when a key data set was released. It showed the prices of goods and services were still rising higher than we would like, but not quite as quickly as some feared.

Today, senior economic correspondent Shane Wright joins Paul Sakkal to unpack what the latest data tell us about our economy, and whether mortgage holders might see some relief.