The Daily Aus Headlines: Inflation's unexpected fall
Jan 7, 2026
Emergency-level bushfires are raging near Albury-Wodonga, prompting an urgent evacuation. In a surprising turn, annual inflation has dipped to 3.4%. Meanwhile, the U.S. and Venezuela have struck a deal to export up to $2 billion worth of oil. On a lighter note, the Parkes Elvis Festival has officially begun, celebrating all things Elvis with hundreds of enthusiastic fans gathered for the annual festivities.
AI Snips
Chapters
Transcript
Episode notes
Severe Bushfires During A Major Heatwave
- Emergency-level bushfires are burning amid an intense heatwave, likened to conditions since the 2019-2020 fires.
- Residents near Bunjil, Grania and Thalagalong are being told to leave immediately as fires burn out of control.
Watch The RBA Date And Trimmed Mean
- Monitor the Reserve Bank's decision because the next rate decision is on 3 February.
- Watch trimmed mean inflation closely as it better indicates longer-term price trends.
Inflation Eases But Still Above Target
- Australia's annual inflation rate fell to 3.4% in November, down from 3.8% previously.
- The trimmed mean eased slightly to 3.2% but still sits above the RBA's 2–3% target range.