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The Reserve Bank of Australia is forecasting underlying inflation will be above its target range of two to three per cent until the second half of next year.
The central bank left interest rates on hold at three-point-six per cent yesterday.
Hundreds of mayors, governors, and local leaders on the frontline of the climate crisis have descended on Rio de Janeiro for the COP30 Local Leaders Forum this week ahead of the main summit next week.
Among them is Hobart's Lord Mayor, who was the only Australian leader invited to co-chair the forum alongside London's Mayor Sadiq Khan and California Governor Gavin Newsom
Former Vice President of the United States Dick Cheney has died at the age of 84.
The influential Republican worked with a string of presidents, but he's most known for his years at the side of George W. Bush, where he shaped American foreign policy, drawing praise and criticism.
Guests:
Luke Siddham Dundon, News Presenter for ABC Radio National Breakfast
Scott Jennings, CNN political commentator and former Republican strategist
Voters are today casting ballots in U.S. state and local elections in the first major polls since Donald Trump returned to the White House in January.
The New York race is a showdown between former Democratic governor Andrew Cuomo and 34-year-old progressive Zohran Mamdani, a Democratic socialist hoping to make history as the city's first Muslim mayor.
Mr Trump has been a dominant force in the race, endorsing Mr Cuomo's and threatening to cut federal funds if Mr Mamdani wins.
The Ukrainian President Volodymyr Zelenskyy has urged the United States to remain open to supplying Kyiv with long-range weapons for its war effort against Russia.
In a remote address to the European Union from the war-torn Pokrovsk area of eastern Ukraine, Mr Zelenskyy also called for more Western sanctions on Russia.
Meanwhile, Ukraine’s army remains locked in an intense battle to hold back a Russian push on Pokrovsk.
Australia's home for the best coverage of the biggest breaking news events with specialised analysis of politics, business and sport and agenda-setting interviews with some of the world's leading experts, and change makers.
The Opposition Leader Sussan Ley has been facing internal tensions for months and now there are questions over how she'll handle splitting views within the party on whether to keep a commitment to net zero emissions by 2050.
The Nationals' decided to formally abandon the target ahead of today's Coalition party room meeting. So you'll hear from a Coalition frontbencher ahead of the meeting.
Then, major news overseas, the former chief lawyer for the Israeli military is in police custody after admitting she leaked a damaging video appearing to show soldiers abusing a Palestinian man in jail.
We'll also cross to France, where prosecutors in Paris say the daring jewellery heist at the Louvre was carried out by petty criminals, not organised professionals.
And you'll meet the man hoping to beat his father's sailing record - solo circumnavigating the globe.
Recap the morning's news, politics and global affairs with the Breakfast Wrap.
Tasmanian sailor Ken Gourlay holds the record for the fastest Australian to sail solo, non-stop and unassisted around the world, completing the sail in 179 days, 21 hours, 37 minutes and 58 seconds
At the time, his son Tristan Gourlay told ABC News that he was ready to follow in his dad's footsteps.
Fast forward almost twenty years and that dream is finally coming to fruition with Tristan preparing to sail off this week in an attempt to break his father's record.
The Disability Royal Commission highlighted many failings for people with disabilities, with some commissioners recommending that segregated schools be phased out by 2051.
One of the principles behind this recommendation was the need for mainstream schools to become more inclusive for children with disabilities.
The concept of inclusion is behind one program at a public primary school in Canberra, which has chosen Australian sign language — Auslan — as its second language for all its students, while celebrating deaf culture, identity and history.
Guests:
The Federal Government may have a plan to build 1.2 million homes by 2029 - but with fewer young Australians pursuing trades, the question remains as to who is going to build these homes...
A recent Build Skills Australia report has found Australia needs nearly 117,000 additional tradespeople to achieve the goals of the National Housing Accord.
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