Likely spike in CPI seen only temporary

By Colin Brinsden, Aap Economics and Business Correspondent
Updated July 25 2021 - 12:05pm, first published 12:01pm
The consumer price index for the June quarter will be released by the ABS on Wednesday.
The consumer price index for the June quarter will be released by the ABS on Wednesday.

The latest inflation figures are expected to show a massive price jump, but this won't be a concern for the Reserve Bank of Australia, particularly at a time when the economy is hurtling into a new downturn.