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PoliticsNow: Inflation soars to 5.1pc, points to election campaign rate rise

PM says Reserve Bank will make its own decision on interest rate hikes as inflation soars to its highest level in more than two decades, lifting to a blockbuster 5.1 per cent.

Patrick Commins and Jess Malcolm
less than 2 min read
5:54AMApril 27, 2022.
Updated 10:53PMApril 27, 2022
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Prime Minister Scott Morrison points to Australia's inflation figures compared to those of other economies in Rockhampton today. Picture: Jason Edwards
Prime Minister Scott Morrison points to Australia's inflation figures compared to those of other economies in Rockhampton today. Picture: Jason Edwards

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Original URL: https://www.theaustralian.com.au/nation/politics/politicsnow-we-dont-want-two-australias-scott-morrison-says/live-coverage/3723cc9ade5ee8ca37c98b4344c241fe