Waleed Aly

Who do you think can bear this current situation longest?

Greg, thank you so much.

Also in the news, JobSeeker is set to be overhauled in what the government has described as the biggest shake-up of welfare payments in decades.

Unemployed Aussies will be split into three different support tiers – a digital service for people ready to work, a provider-led service for those who need to build skills and confidence, and intensive support for people with the most complex needs.

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Mutual obligations, the requirements job seekers must meet to get their payment, will also be tiered.

And inflation has eased from a three-year high, falling from 4.6% to 4.2% in April.

The result was largely driven by petrol prices, which were brought down by the federal government's cut to the petrol excise, artificially reducing the cost of living.

But underlying inflation, which is the main focus of the Reserve Bank, rose slightly to 3.4%.

I'm Willard Ali.

Thanks for listening to 7am and I'll see you tomorrow.