Inflation is too high | ABC Business Daily

Inflation is still stubbornly high – and moreover accelerated in September – according to the latest figures from the Australian Bureau of Statistics. 

So what’s costing Australian households the most?

And with inflation well above the Reserve Bank’s comfort level, is a rate hike all but certain on Melbourne Cup Day?

Lin Lin and Diana Mousina, Deputy Chief Economist at AMP break it all down on ABC Business Daily.