The reason Australia’s inflation is ‘still too high’

Judo Bank Chief Economic Adviser Warren Hogan reveals the reason why Australia’s inflation is “still too high”. Mr Hogan’s remarks come after annual inflation fell to 3.6 per cent. “That was all the pandemic global inflation just disappearing from our system,” he told Sky News Australia. “What matters is the domestic inflation. “So, you strip out all the international effects, and basically what’s happened is domestic inflation has come down from just over five to probably around four – that’s still too high.”