No, you are not imagining it. Consumer prices are rising at their fastest pace in two decades.

Official inflation figures have just lobbed like a grenade into this federal election campaign, revealing prices in Australia are rising at an annual rate of 5.1 per cent, vastly exceeding expectations.

From fuel to food to housing, price hikes are widespread across the economy.
And for mortgage holders, there is more hip pocket pain ahead.

Many economists are now tipping the Reserve Bank will have to act at its board meeting next Tuesday to lift interest rates to try to cool inflationary pressures.

Today on Please Explain economics correspondent Shane Wright joins Jess Irvine to go through the numbers.

No, you are not imagining it. Consumer prices are rising at their fastest pace in two decades.
Official inflation figures have just lobbed like a grenade into this federal election campaign, revealing prices in Australia are rising at an annual rate of 5.1 per cent, vastly exceeding expectations.
From fuel to food to housing, price hikes are widespread across the economy. And for mortgage holders, there is more hip pocket pain ahead.
Many economists are now tipping the Reserve Bank will have to act at its board meeting next Tuesday to lift interest rates to try to cool inflationary pressures.
Today on Please Explain economics correspondent Shane Wright joins Jess Irvine to go through the numbers.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition (formerly Please Explain) brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

The Morning Edition brings you the story behind the story with the best journalists in Australia. Join host Samantha Selinger-Morris from the newsrooms of The Sydney Morning Herald and The Age, weekdays from 5am.

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