With the Reserve Bank hitting borrowers with yet another interest rate rise, households will be feeling even greater financial strain. 

The cash rate is now 4.1%, and there's concern that last week's decision to increase the minimum wage could fuel inflation further, pushing interest rates higher still. 

Today, ABC business and economics reporter, Gareth Hutchens, on whether or not the wage increases signal there's more pain to come.  

Featured: 

Gareth Hutchens, ABC business and economics reporter