The Albanese government is bracing for a fresh round of cost of living pressures after deciding to end the six-month fuel excise reduction, pushing the price of petrol up by 25 cents a litre this month.
It also faces another 0.5 percentage point increase in the official cash rate when the Reserve Bank of Australia meets on Tuesday.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
Michael Read is the Financial Review's economics correspondent, reporting from the federal press gallery at Parliament House. He was previously an economist at the Reserve Bank of Australia and at UBS. Connect with Michael on Twitter. Email Michael at michael.read@afr.com
