Inflation gauge to offer cold comfort for borrowers

By Jacob Shteyman
Updated June 23 2024 - 12:05pm, first published 12:00pm
An indicator of prices in May offers the RBA a glimpse of how interest rates are taming inflation. (Dean Lewins/AAP PHOTOS)
An indicator of prices in May offers the RBA a glimpse of how interest rates are taming inflation. (Dean Lewins/AAP PHOTOS)

Inflation is expected to make another move in the wrong direction, as far as the Reserve Bank is concerned, with an interest rate hike still on the cards.

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