Another interest rate rise is looming — and this time, it's not bad luck. Inflation is rising again, and the reasons are much closer to home than Australians are being told.

Housing costs keep climbing, power prices are surging, productivity is weak and government spending remains elevated. These aren't temporary shocks — they're structural failures, and households are paying the price.

In this episode, we unpack the latest inflation data, why the Reserve Bank is running out of options, and how policy decisions on housing, energy and spending are locking in higher interest rates for longer.

If you want a clear, no-spin breakdown of what's really driving inflation in Australia — and what it means for mortgage holders, renters and small businesses — this is a conversation you don't want to miss.