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Inflation

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Muggers refuse to take note

It’s the wheelbarrow economy, stupid.

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Fear of a German markup

For what was a poultry sum.

Reserve Bank governor Michele Bullock.

What Michele Bullock really meant in speech after cutting interest rates

We’ve deciphered the RBA governor’s comments on Tuesday, after the Reserve Bank cut rates for the first time in more than four years.

  • Matt Wade and Shane Wright
Reserve Bank governor Michele Bullock addresses the media on Tuesday.

Bullock follows rate cut with a bucket of cold water

Yes, the Reserve Bank has finally cut rates. But the economy is really struggling. And it is still propped up by government spending.

  • Shane Wright
Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Feb. 18, 2025. Australia’s central bank cut interest rates for the first time since 2020 as inflation approaches the top of its 2-3% target, while saying it will take a cautious approach to future decisions.

RBA dashes hopes of further rate relief after first cut in four years

The big four banks moved quickly to match the cut to their mortgage rates to alleviate the pain mortgage holders have been feeling since rates started rising in May 2022.

  • Shane Wright, Millie Muroi and Sumeyya Ilanbey
Chalmers Albanese

Albanese would be mad to justify a race to the election on this rate cut

Australians are finally seeing a glimmer of hope on household mortgages – but a single rate cut cannot be a game-changer in an election on the cost of living.

  • David Crowe
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Maryland farmer Ned Dykes, 80, sells out of about 400 dozen eggs by midday at the Dupont Circle market each Sunday.

Trump vowed to reduce inflation. Eggs didn’t get the memo

Across the US, a scarcity of eggs caused primarily by a bad strain of bird flu has sent prices skyrocketing and made them tricky to find.

  • Michael Koziol
President Donald Trump has imposed, then paused tariffs on Canadian, and Mexican. Tariffs on Chinese goods have been announced while tariffs on the EU have been threatened.

Trump wants lower interest rates. His tariffs won’t help

Less than an hour after Trump declared that lower interest rates would go “hand in hand” with his tariffs, poor US inflation data saw the prospects for rate cuts diminish.

  • Stephen Bartholomeusz
Since 2023, working households have faced cost pressures higher than indicated by the CPI.

Who’s feeling inflation the most? A glimmer of hope for hardest-hit Australians

Working households are still feeling the brunt of inflation, but face the lowest price pressures since 2020.

  • Millie Muroi

In 50 years, Trump will be remembered as just a puzzling footnote

No profession spends more time contemplating the future than economists. Are they any good at it? Well, no, not really.

  • Ross Gittins

Original URL: https://www.smh.com.au/topic/inflation-1mph