Larry Williams Drive

All eyes are on the Reserve Bank - for its next moves on our high inflation. The latest Consumers Price Index reveals inflation's at 7.2 percent - confounding economists prediction of a drop to below seven. Some thought it'd go as low as 6.3. Former Reserve Bank economist, Michael Reddell says that forecasting inflation can be a mug's game, because things move around so much. Australia's inflation rate is sitting at 6.1 percent, and economists there expect a rise to 6.9 next week. LISTEN ABOVE  See omnystudio.com/listener for privacy information.