Inflation probably past its peak, says Reserve Bank

By Poppy Johnston
Updated February 1 2023 - 11:53am, first published 11:50am
The cost of living inquiry chaired by Liberal senator Jane Hume is hearing from the RBA and Woolies. (Mick Tsikas/AAP PHOTOS)

The Reserve Bank has stuck with its peak inflation prediction of eight per cent towards the end of last year and expects inflation to simmer down during 2023.