Get all your news in one place.
100's of premium titles.
One app.
Start reading
AAP
AAP
Business
Poppy Johnston

Slow progress on inflation tempers interest rate hopes

Food and non-alcoholic beverages were among the main contributors to inflation. (Mick Tsikas/AAP PHOTOS)

Australians suffering from the prolonged cost of living crisis paid more for essential expenses such as rents, education fees, insurance and medical bills as data shows stubborn inflationary pressures remain.

The dollar rose near half a per cent and stocks initially fell after official data showed inflation rose over the first quarter, complicating Treasurer Jim Chalmers' calculations as he prepares his third budget, and adding to the pain of consumers.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.