Inflation figures will be the ‘calm before the storm’
A category five inflation storm is bearing down on Australian consumers. As war in the Middle East continues to roil global energy markets, the impact is already being felt domestically. Not only are motorists feeling under the pump as they fill up, industries ranging from construction to aviation are warning prices will have to increase as they pass on the rising cost of fuel. The impact of the conflict on already-high inflation prompted the Reserve Bank to hike interest rates for a second straight month on Tuesday. Money markets have doubled down on bets the RBA will follow up w