Inflation soars, but it’s not as bad as it seems
The big jump in the CPI has created some dramatic headlines, but digging just a bit deeper into the data reveals a different story.
On this episode of Dollars & Sense, Greg and Elinor discuss the latest inflation figures, which are the first to include the impact of the war in Iran, and why the RBA should take a step back and look at all the data, before they meet to assess interest rates next week.
This discussion was recorded on Thursday 30 April 2026.
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Host: Greg Jericho, Chief Economist, the Australia Institute // @grogsgamut
Host: Elinor Johnston-Leek, Senior Content Producer, the Australia Institute // @elinorjohnstonleek
Show notes:
Another RBA rate rise won’t fix inflation – it will just smash households already hit by soaring fuel costs, by Greg Jericho, Guardian Australia (April 2026)
Rate hikes won’t fix inflation caused by fuel prices, by Matt Grudnoff, The Point (April 2026)
Theme music: Blue Dot Sessions
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