Inflation Soars in Australia: Both Core and Domestic Rates Spike - Will the RBA Take Action?

📈Today's CPI data has thrown a spotlight on Australia's stubbornly high inflation rates!

💸 It's not just any inflation, it's the kind that's deeply rooted in our own backyard.

🏠 Core inflation, which is the Reserve Bank of Australia's (RBA) favorite yardstick, is still hovering at a whopping 4%. And domestic inflation? A staggering 5%! 😮
This is not good news for Australia's economy.