The chances of a rate hike after next year’s federal election are growing after a surprise spike in inflation from record high petrol prices and surging home building costs.

The RBA says it expects to hold the official interest rates until at least 2024 but financial markets, which pushed the Australian dollar and bond rates up after the inflation figures, believe the RBA will push interest rates up.

Today on Please Explain, senior economics correspondent Shane Wright joins Nathanael Cooper to make sense of the inflation conundrum.

The chances of a rate hike after next year&rsquo;s federal election are growing after a surprise spike in inflation from record high petrol prices and surging home building costs.
The RBA says it expects to hold the official interest rates until at least 2024 but financial markets, which pushed the Australian dollar and bond rates up after the inflation figures, believe the RBA will push interest rates up.
Today on Please Explain, senior economics correspondent Shane Wright joins Nathanael Cooper to make sense of the inflation conundrum.

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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