Steve Daghlian

So having said that, I mean, we did see headline inflation, you know, largely

as what CVA was expecting, but a touch below consensus.

And that's maybe a reason why we had that nice little boost, at least in the early stages, following the CPI data being handed down.

But that didn't really last too long because trimmed mean or underlying inflation was largely as anticipated, 3.5% higher over the year, well above the 2% to 3% target range that the Reserve Bank's

once.

So I don't think it's really changed much as far as what is next for the Reserve Bank.

So the RBA is meeting next Tuesday and Monday.

And prior to the data, we had markets pricing in 80% chance roughly of an interest rate hike next week.

Now the market reckons that's dropped back a bit to 70%.

So at the end of the day, it still looks like the RBA is probably going to feel inclined to lift interest rates and not risk sitting on its hands for another month.

Yeah, and for those who want a bit more insight into today's inflation numbers, you can head over to our socials.

Our colleague and morning podcast host, James Gruber, recorded his thoughts on the data, what it means as well.

And while you're there, you can check out our Market Moves content.

It's something that we record weekly where we share insights into a different topic.

So Instagram, YouTube and LinkedIn as well.

Yes, and no progress being made there at all.

As far as our sectors are concerned today, really, it's the utilities, a defensive area of our market, which is doing best, lifting about 2.2%.

Energy stocks are up around 1.3%.

Again, a lift in oil and gas prices have continued to provide a little bit of support there.

In fact, since the conflict first began, the energy index here in Australia is up roughly 15%.