00:00Inflation's been tough to cut down to size.
00:07Many businesses like this tree-lopping company struggle to absorb growing wages and insurance premiums,
00:15instead passing increased costs onto customers through high prices.
00:20It's about being respectful to people and understanding that they've still got their bills to pay.
00:26Official figures show those cost pressures remain.
00:30Bureau of Statistics data show annual headline inflation in the three months to September was 3.2%,
00:37while underlying or core inflation was 3%.
00:41My top two concerns would be services and inflation, particularly linked to the labour market, as well as electricity prices.
00:48The Treasurer copying some question time heat.
00:51Why is it when labour fails, Australians always foot the bill?
00:55The Treasurer choosing his words carefully, acknowledging businesses and households remain under pressure.
01:02We've made it very clear that our progress often isn't in a straight line as we've seen around the world.
01:08We know that there's more work to do and that's our focus.
01:10Inflation is now no longer comfortably within the Reserve Bank's target band of between 2% and 3%.
01:16Economists say it closes the door on a Reserve Bank interest rate cut on Melbourne Cup Day.
01:22But we can safely rule out a Melbourne Cup rate cut now.
01:25We, that's not happening.
01:27Arborist Julian Parry says he thinks customers may now prioritise emergency tree work over landscaping.
01:35It is quite amazing how everybody just kind of almost stops breathing and then all of a sudden things change.
01:43And today for millions of mortgage borrowers the change may come with some necessary budget balancing.
01:50About two weeks ago, we've changed over the years of labour as well.
01:51We've changed it now.
01:52That's a beautiful piece of the roof.
01:53As always, do you know?
01:54We've changed the roof.
01:55But at this time, we know exactly what the roof is, right?
01:56Let's see.
01:57We're going to show you the roof.
01:58But we've changed the roof.
01:59The roof is the roof.
02:00What's new?
02:01The roof is probably for two weeks.
02:02We've changed the roof.
02:03That's now.
02:04We're changed the roof.
02:05A roof is also different from the roof.
02:06The roof is actually under the roof.
02:07The roof is happening to the roof.
02:08The roof is now приш-edge to the roof.
02:09The roof is actually stretched three tiers.
02:10The roof is the roof.
02:11It's constantly changing the roof.
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