SBS News In Depth

The latest data from the ABS shows headline inflation fell from 4 per cent to 3.8 per cent in June. Despite trimmed mean inflation remaining steady at 3.6 per cent, well above the Reserve Bank’s 2-3 per cent target range, the unexpected drop in the headline figures has eased concerns of another interest rate hike in August. For more, Rena Sarumpaet spoke to Harry Murphy Cruise, head of Economic Research and Global Trade at Oxford Economics Australia. The Australian share market rose following the data drop. For more, Stephanie Youssef spoke with Jamie Hannah from VaNeck.

Victoria's new Premier Ben Carroll has four months to turn Labor's fortunes around after deposing Jacinta Allan to claim the top job. His first act as premier was to commit to a royal commission into the state's construction industry, which his predecessor resisted. The election is set for November. It's likely to be a three-cornered race, and an early electoral test of One Nation's rise.

Australia’s inflation rate has eased, but underlying price pressures remain stubbornly high. The figures come as new Reserve Bank research reveals many Australians do not understand why interest rates rise, or how they are meant to bring inflation down.

A rescue operation is underway in Japan, after a deadly earthquake struck the country's Kyushu island. Many people were trapped inside a shopping centre that collapsed when the earthquake hit. Residents are being warned to expect aftershocks to continue for a week.

Australia’s sharemarket climbed to a six-week high ahead of key inflation data, with Todd Hoare from LGT Wealth Management unpacking the day’s market moves and why China’s growing influence in artificial intelligence is capturing investors’ attention. Plus, Stephanie Youssef speaks with Professor Damien Manuel from the Deakin Centre for Cyber Security Research and Innovation about Origin Energy’s cyber security breach, which has exposed the data of around 900,000 current and former customers, and what it means for those affected.