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Trending News: Takeaways from El-Sayed’s win in Michigan, other primary racesTrump claims Strait of Hormuz deal could happen soon as Iran and Oman engage in talksWashington braces for weather that could fuel catastrophic firesWhy increased AI spending caused SpaceX shares to fallWestern parts inside Russian weapons causing Ukraine destruction | The Security BriefDeadly night in Ukraine as 21 killed in massive Russian missile attack | BBC NewsIran says it has agreed shipping route with Oman, as Trump continues military threats | BBC NewsA League of Their Own’ legacy inspires new generation of female baseball playersKornacki: Abdul El-Sayed ‘really ran up the score’ with young voters in Michigan primary winMichigan progressive ‘certainly’ welcomes DNC money despite criticizing ‘corporate-funded Democrats’WATCH LIVE: Trump speaks in VegasDETAILS: Marine One, commercial plane have potential CLOSE CALL near DCSenate examines alleged Muslim Brotherhood network in AmericaIran would not ‘HONOR’ the deal: Ret Lt Gen Keith KelloggArrested man at Trump golf club took vids of agents, had WH phone numberCounter-drone expert takes charge of Army air-defense brigade for Japan, GuamOsan gate-crashers were student activists protesting US role in Korean semiconductor projectCommunity celebrates airman’s campaign to clean up litter on Okinawa streetsMore than a dozen US military members displaced by recent Naples-area earthquakeNavy helicopter pilot now at controls of NSA Souda BayRussian barrage kills 17 as Ukraine fails to stop missilesVeterans’ disability payments limiting access to public assistance programs, report findsUS military creates new command to target cartels in the AmericasSikorsky lands $107 million contract for White House helicoptersFAA reviews incident involving Marine One, commercial plane flying too close near DC airportAir National Guard summer incentive includes $7,500 bonusesArmy seeks new, less costly anti-drone missileTobyhanna Army Depot enters first-of-its-kind arrangement for rapid sUAS component productionWhite Sands Missile Range Unveils Narrow Band Test Facility in Major Modernization MilestoneU.S. Army in Puerto Rico launches Antiterrorism Awareness Month with proclamation signingU.S. Army Combined Arms Command Advances AI-Powered Knowledge Platform, VICTORNew CDC director is confirmed, giving agency its first permanent leader in a yearTrump speaks at Red Rock Resort in Las VegasTrump speaks at Red Rock Resort in Las VegasProgressives had another big primary night – with a notable exception: From the Politics DeskMillions of eggs have been recalled due to Salmonella contamination — here’s how to stay safeAs FDA approves marketing for nicotine pouches, some doctors sound alarmsAs FDA approves marketing for nicotine pouches, some doctors sound alarmsAs FDA approves marketing for nicotine pouches, some doctors sound alarmsSome Gen Zers swap smartphones for "dumb" phones in a bid to unplugSome Gen Zers swap smartphones for "dumb" phones in a bid to unplugSome Gen Zers swap smartphones for "dumb" phones in a bid to unplugSome Gen Zers swap smartphones for "dumb" phones in a bid to unplugTrump says Strait of Hormuz deal could happen as soon as today amid talksTrump says Strait of Hormuz deal could happen as soon as today amid talksInside the eBay stalking scandal | 60 Minutes ArchiveInside the eBay stalking scandal | 60 Minutes ArchiveFAA probing Marine One safety incident around National AirportStanding strong after the storm: Natural disasters fraud preventionTeam effort brings critical support to help a blind Veteran in crisisMoove raises $250M to become the backbone of the robotaxi industryTrump’s DOJ gains oversight of OpenAI’s green-card employee sponsorshipsMeta launches Muse Code, an AI agent for large code basesTravis Kalanick’s robotics startup Atoms taps former Uber finance chief as CFONikita Bier steps down as X’s head of productSpaceX claims Starlink Mobile will be better than AT&T, T-Mobile, and VerizonSpaceX claims Starlink Mobile will be better than AT&T, T-Mobile, and VerizonHank Green found the AI problem that YouTube labels can’t catchHank Green found the AI problem that YouTube labels can’t catchReddit signals ominous upcoming "changes” for old.reddit.comAnthropic’s AI used fake identities, malware in rogue attack on GitHub projectAnthropic’s AI used fake identities, malware in rogue attack on GitHub projectSchwartz confirmed as CDC director after bungling confirmation hearingGoogle just announced a major shakeup of its top AI leadershipSure seems like Fenix Flexin used AI music generator TrebloApple’s selling refurbished MacBook Neos with a $100 discountUber CEO brushes off reports of a Waymo break-upTwo of Ring’s latest video doorbells are a lot cheaper than usualCunningham wants to 'get back to basketball'Indiana's Daley limited in first practice after returnJeudy clarifies viral video, says he talked to QBsFeds: Witness tampering in Rozier betting caseVitale: Tests 'very good' after 5th cancer diagnosisTrump revamps White House helipad, then tears it upTrump files emergency motion to block BBC from getting financial details about business empireAI ambitions fuel growing tech debtLive updates: Trump promotes economic agenda in Las Vegas; El-Sayed rocks Michigan with primary winFrancesca Hong says Thanksgiving is her favorite holiday: 'I don't want to cancel it'Artemis II showed the world what American excellence looks likeStates are increasing food stamp fraud — on purposeSocialist Francesca Hong wants to cancel Thanksgiving?'I'm not done!' Jake Tapper presses Max Miller over abuse claims Big Oil wants to rig the courts. You’ll pay for it on your utility bill.The Democratic party chair is a handy scapegoat. But the party’s problems are much bigger | Norman SolomonWhy I'll never be convinced by Meta's ‘pervert’ glasses | OpinionThe RBA says rate rises don’t really increase living costs. But the data is clear – they very much do | Greg JerichoEvery Jetstar flight is a rabid fight for survival. What’s one more humiliating ritual for the masses? | James ColleyAbdul El-Sayed offers a template for Democrats to defeat Trumpism | Peter BeinartFrance’s drone production shifts from policy ambition to factory floorTaiwan launches major war games to test command flexibilityUS Navy, Saildrone to use unmanned systems in expanded counternarcotics roleAir Force plans to keep its M18 pistolsPublicizing special operator identities could be a crime under proposed lawUS Navy, Saildrone to use unmanned systems in expanded counternarcotics roleThe Army certifies its first equestrians as it revamps horse care‘Meatball’ no more: Marine recruit drops over 100 pounds for boot campEverybody wanted to visit the wounded soldier. I wanted to be left alone.The countdown begins: National Coast Guard Museum one year from openingWatch: 'Scariest night' as Ukraine fails to intercept Russian attackEx-leader Hasina gambles on return to Bangladesh despite death penalty
Wed. Aug 5th, 2026
Trending News: Takeaways from El-Sayed’s win in Michigan, other primary racesTrump claims Strait of Hormuz deal could happen soon as Iran and Oman engage in talksWashington braces for weather that could fuel catastrophic firesWhy increased AI spending caused SpaceX shares to fallWestern parts inside Russian weapons causing Ukraine destruction | The Security BriefDeadly night in Ukraine as 21 killed in massive Russian missile attack | BBC NewsIran says it has agreed shipping route with Oman, as Trump continues military threats | BBC NewsA League of Their Own’ legacy inspires new generation of female baseball playersKornacki: Abdul El-Sayed ‘really ran up the score’ with young voters in Michigan primary winMichigan progressive ‘certainly’ welcomes DNC money despite criticizing ‘corporate-funded Democrats’WATCH LIVE: Trump speaks in VegasDETAILS: Marine One, commercial plane have potential CLOSE CALL near DCSenate examines alleged Muslim Brotherhood network in AmericaIran would not ‘HONOR’ the deal: Ret Lt Gen Keith KelloggArrested man at Trump golf club took vids of agents, had WH phone numberCounter-drone expert takes charge of Army air-defense brigade for Japan, GuamOsan gate-crashers were student activists protesting US role in Korean semiconductor projectCommunity celebrates airman’s campaign to clean up litter on Okinawa streetsMore than a dozen US military members displaced by recent Naples-area earthquakeNavy helicopter pilot now at controls of NSA Souda BayRussian barrage kills 17 as Ukraine fails to stop missilesVeterans’ disability payments limiting access to public assistance programs, report findsUS military creates new command to target cartels in the AmericasSikorsky lands $107 million contract for White House helicoptersFAA reviews incident involving Marine One, commercial plane flying too close near DC airportAir National Guard summer incentive includes $7,500 bonusesArmy seeks new, less costly anti-drone missileTobyhanna Army Depot enters first-of-its-kind arrangement for rapid sUAS component productionWhite Sands Missile Range Unveils Narrow Band Test Facility in Major Modernization MilestoneU.S. Army in Puerto Rico launches Antiterrorism Awareness Month with proclamation signingU.S. Army Combined Arms Command Advances AI-Powered Knowledge Platform, VICTORNew CDC director is confirmed, giving agency its first permanent leader in a yearTrump speaks at Red Rock Resort in Las VegasTrump speaks at Red Rock Resort in Las VegasProgressives had another big primary night – with a notable exception: From the Politics DeskMillions of eggs have been recalled due to Salmonella contamination — here’s how to stay safeAs FDA approves marketing for nicotine pouches, some doctors sound alarmsAs FDA approves marketing for nicotine pouches, some doctors sound alarmsAs FDA approves marketing for nicotine pouches, some doctors sound alarmsSome Gen Zers swap smartphones for "dumb" phones in a bid to unplugSome Gen Zers swap smartphones for "dumb" phones in a bid to unplugSome Gen Zers swap smartphones for "dumb" phones in a bid to unplugSome Gen Zers swap smartphones for "dumb" phones in a bid to unplugTrump says Strait of Hormuz deal could happen as soon as today amid talksTrump says Strait of Hormuz deal could happen as soon as today amid talksInside the eBay stalking scandal | 60 Minutes ArchiveInside the eBay stalking scandal | 60 Minutes ArchiveFAA probing Marine One safety incident around National AirportStanding strong after the storm: Natural disasters fraud preventionTeam effort brings critical support to help a blind Veteran in crisisMoove raises $250M to become the backbone of the robotaxi industryTrump’s DOJ gains oversight of OpenAI’s green-card employee sponsorshipsMeta launches Muse Code, an AI agent for large code basesTravis Kalanick’s robotics startup Atoms taps former Uber finance chief as CFONikita Bier steps down as X’s head of productSpaceX claims Starlink Mobile will be better than AT&T, T-Mobile, and VerizonSpaceX claims Starlink Mobile will be better than AT&T, T-Mobile, and VerizonHank Green found the AI problem that YouTube labels can’t catchHank Green found the AI problem that YouTube labels can’t catchReddit signals ominous upcoming "changes” for old.reddit.comAnthropic’s AI used fake identities, malware in rogue attack on GitHub projectAnthropic’s AI used fake identities, malware in rogue attack on GitHub projectSchwartz confirmed as CDC director after bungling confirmation hearingGoogle just announced a major shakeup of its top AI leadershipSure seems like Fenix Flexin used AI music generator TrebloApple’s selling refurbished MacBook Neos with a $100 discountUber CEO brushes off reports of a Waymo break-upTwo of Ring’s latest video doorbells are a lot cheaper than usualCunningham wants to 'get back to basketball'Indiana's Daley limited in first practice after returnJeudy clarifies viral video, says he talked to QBsFeds: Witness tampering in Rozier betting caseVitale: Tests 'very good' after 5th cancer diagnosisTrump revamps White House helipad, then tears it upTrump files emergency motion to block BBC from getting financial details about business empireAI ambitions fuel growing tech debtLive updates: Trump promotes economic agenda in Las Vegas; El-Sayed rocks Michigan with primary winFrancesca Hong says Thanksgiving is her favorite holiday: 'I don't want to cancel it'Artemis II showed the world what American excellence looks likeStates are increasing food stamp fraud — on purposeSocialist Francesca Hong wants to cancel Thanksgiving?'I'm not done!' Jake Tapper presses Max Miller over abuse claims Big Oil wants to rig the courts. You’ll pay for it on your utility bill.The Democratic party chair is a handy scapegoat. But the party’s problems are much bigger | Norman SolomonWhy I'll never be convinced by Meta's ‘pervert’ glasses | OpinionThe RBA says rate rises don’t really increase living costs. But the data is clear – they very much do | Greg JerichoEvery Jetstar flight is a rabid fight for survival. What’s one more humiliating ritual for the masses? | James ColleyAbdul El-Sayed offers a template for Democrats to defeat Trumpism | Peter BeinartFrance’s drone production shifts from policy ambition to factory floorTaiwan launches major war games to test command flexibilityUS Navy, Saildrone to use unmanned systems in expanded counternarcotics roleAir Force plans to keep its M18 pistolsPublicizing special operator identities could be a crime under proposed lawUS Navy, Saildrone to use unmanned systems in expanded counternarcotics roleThe Army certifies its first equestrians as it revamps horse care‘Meatball’ no more: Marine recruit drops over 100 pounds for boot campEverybody wanted to visit the wounded soldier. I wanted to be left alone.The countdown begins: National Coast Guard Museum one year from openingWatch: 'Scariest night' as Ukraine fails to intercept Russian attackEx-leader Hasina gambles on return to Bangladesh despite death penalty
Wed. Aug 5th, 2026

The RBA says rate rises don’t really increase living costs. But the data is clear – they very much do | Greg Jericho

The latest cost of living figures show interest rate rises are having an impact on household costs, despite what the central bank says

In this year’s June quarter,the cost of living for working households rose a sharp 1.5%, driven overwhelmingly by higher mortgage payments. This is despite the Reserve Bank suggesting that interest rate rises are “not really” an increase in the cost of living.

Economics and finance is purposefully confusing. Those in the know are pretty happy for you to be ignorant so they can carry on their operation without much fuss. The RBA and a few economists have been rather bemused by the results of an RBA survey showing that 25% of respondents “assessed correctly that higher interest rates would ultimately lead to lower inflation, while more than half indicated that higher interest rates would lead to higher inflation”.

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