Inflation is too high

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. Got a burning business question? We'd love to hear your questions! If there’s business and economic news that has you stumped or you'd like further insight into, we're here to help. Send a short voice recording to Carrington and the team at [email protected] and we'll attempt to answer it.