The outlook for slowing inflation in today's quarterly CPI update is unlikely to pave the way for an early interest rate cut. Economist Warren Hogan says the Reserve Bank will be focusing on underlying inflation which strips out one-offs like energy rebates and a six percent fall in petrol prices. Mr Hogan says there's a risk the RBA might be force to raise interest rates again if inflation remains stubbornly high.

Reporter: Peter Ryan, Senior Business Correspondent

Featured: Warren Hogan, economic adviser, Judo Bank

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