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AAP
AAP
Jacob Shteyman

Labour pains: jobs market too hot for inflation fight

Michele Bullock Inflation RBA Unemployment Australia Dan Himbrechts Jim Chalmers
Michele Bullock says a tight jobs market pressures business costs, eventually increasing prices. (Dan Himbrechts/AAP PHOTOS)

Australia's unemployment rate probably needs to edge a little higher to help get inflation back under control, Reserve Bank governor Michele Bullock says.

Prefacing her remarks by saying the RBA does not want to see high unemployment, Ms Bullock told a business event on Tuesday that the labour market was still a bit tight and inflation was too high.

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