Inflation’s ‘ugly head again reared’ for the Labor government

Sky News Political Editor Andrew Clennell says inflation’s “ugly head again reared” for the federal government after it rose to four per cent.

“A four per cent annual inflation figure for the month of May has spooked many economists into believing the Reserve Bank will hike interest rates in August, and this could force Australia into a recession,” he said.

Inflation’s ‘ugly head again reared’ for the Labor government

“It could prove a big electoral moment should the Bank hike rates again.”