In this clip from the full episode, Mark and Kouky discuss how the high cost of living impacts everyone in Australia including pensioners, students, and workers. Inflation is a major concern for the current Labor government as the election is only seven to eight months away. They are hoping the Reserve Bank of Australia cuts interest rates before the election to provide relief from high repayments and inflation. Upcoming inflation data is discussed, with the monthly figure expected to be significantly lowered by recent electricity subsidies but underlying inflation is still trending too high. The RBA will likely look past the temporary distortion and focus on core inflation remaining in the low three percent range which is above the target band. More rapid inflation reduction is needed before the RBA considers changing interest rates.

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