New quarterly inflation data yesterday shows a bump up to 3.8% over the year to June – the first annual increase since December 2022. That was in line with economists’ predictions, which experts say makes the Reserve Bank more likely to leave interest rates on hold next week. Treasurer Jim Chalmers welcomed the news, but Coalition Treasury spokesperson Angus Taylor says it proves “inflation is out of control”… There was also an update from Rex yesterday as 350 staff were stood down, with up to 610 more facing the axe after the company went into voluntary administration. It’s grounded capital city routes, but regional flights are still operating… Transport Minister Catherine King says the government will work with administrators because keeping the airline flying “is in the best interest of regional Australians”.