Michael West Media · AAP · Tuesday 26 May 2026
Annual trimmed mean inflation is tipped to rise despite the easing of fuel prices, as the impacts of the Iran war flow through to the broader economy.
Bowser goes down a few cents and Treasury sends out the bunting. Meanwhile the Iran war's seeping into every container ship, every freight invoice, every loaf of bread — and trimmed mean inflation climbs because that's what it does when a war in the Strait of Hormuz meets a economy that imports everything that isn't a rock. The petrol pump is a magic trick. The numbers underneath are the rabbit dying in the hat.