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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.
Welcome to PoliticsNow, our live coverage of the latest news from the Federal Election 2022 campaign trail.
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Anthony Albanese, campaigning in Perth, has mistakenly claimed Wednesday's inflation figures show key markers in the RBA's target band for the first time in a 'couple of decades'. Jim Chalmers earlier correctly said it was the first time since 2021.
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