Inflation is too high

Inflation is still stubbornly high - and moreover accelerated in September - according to the latest figures from the Australian Bureau of Statistics.

So what’s costing Australian households the most?

And with inflation well above the Reserve Bank’s comfort level, is a rate hike all but certain on Melbourne Cup Day?

Lin Lin and Diana Mousina, Deputy Chief Economist at AMP break it all down on ABC Business Daily.

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