Daniel Ziffer

speaker

2,266 appearances 25 recordings 3 series first heard Apr 2026 last heard 9 Sep

Daniel Ziffer’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 25 in all, peaking in Jul 2026 with 14.

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ABC Business Daily · The inflation figure, explained · 27 May 2026 podcast

We're not talking about prices going down.

That's something completely different.

What the RBA wants is it wants prices to rise between about 2% and 3% a year.

Now, in the headline inflation, what we often call CPI, the Consumer Price Index, a basket of goods that they look at, that's up 4.2%, but it is down from the previous month.

So prices are still going up, but they are going up more slowly.

With that trimmed mean that takes out some of those volatile items, it is higher than last month.

That trimmed mean that the RBA looks at when it is examining what's going on in the economy, it's at 3.4% for the 12 months to April.

It wants it between 2% and 3%.

So what are we seeing here?

What do these tell us?

So you touched on it there.

We're talking about annualised numbers.

We're talking about the figures for the year to March or the year to April.

There is a difference.

We get monthly figures as well.

Now, Jim Chalmers, Treasurer, talked about this earlier.

making the point that while the trim mean inflation has risen slightly year to year, the month to month figure has remained flat.

So does that speak to the fact that perhaps some of those things are working to reduce inflation?

But these rates that came in of how fast prices are growing were lower than expectations.

So the last set of data did reflect that spike in fuel prices.

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