Inflation hits post-GST high as consumer prices rise 6.1 per cent

Inflation over the year to June has hit 6.1 per cent, which is the highest level in 21 years after the goods and services tax was reduced.

Confirmation of surging prices - up from 5.1 per cent - puts the Reserve Bank on track to deliver a supersized interest rate increase to confront inflation.  

Here's my analysis on The World Today