Andrew Kelleher: JMI Wealth Director says the Government needs to acknowledge its contribution to inflation

Persistent inflation has failed to be dampened down by consistent Official Cash Rate increases. The Reserve Bank has hiked it by 50 basis points to 5.25 percent, defying many economists' expectations. JMI Wealth Director Andrew Kelleher says weather events are partially to blame for inflation. But he told Mike Hosking the Government needs to acknowledge its contribution. Kelleher says there should be no argument that its spending is a risk to inflation. LISTEN ABOVE  See omnystudio.com/listener for privacy information.