Topic: Personal Finance

Hi, I'm Emily Stewart. I'm here to help you with economic news.

The war in Iran has caused uncertainty globally and affected Australia.

The war has increased petrol prices. It will also affect inflation and interest rates.

I'm here to help you understand what's happening. Please ask me questions.

What is the key moment to look out for on inflation?

What is the Consumer Price Index?

Should I be worried?

Economists will look at tomorrow's CPI data because it shows the impact of the oil price spike.

The CPI rose 3.7 per cent in February. Underlying inflation was steady at 3.3 per cent.

The Reserve Bank will raise interest rates in May to get inflation back down.

Some economists warn of 'stagflation', but others think it's a short-lived inflation peak.

Be alert, but not alarmed. Adjust your budget and shop around for the best deal.

Should we prepare for stagflation as the Iran war affects oil and gas supplies?

What is the next key moment to watch for?

I'll be back soon to help you understand the CPI announcement.

This information is general. Please see a professional for personalised financial advice.

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