At one point in 2025, it looked like inflation had been beaten. Sean Aylmer speaks with Westpac Chief Economist Luci Ellis about what surprised economists late in the year, how much of the rise in inflation is &ldquo;noise&rdquo; versus something more persistent, and what this means for the Reserve Bank and Westpac's predictions for interest rates. This episode is brought to you by Westpac. Fear & Greed's summer series - all-new short episodes every day, with regular news back from January 12.<a href="https://fearandgreed.com.au/" rel="payment">Find out more: https://fearandgreed.com.au/</a>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.

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What inflation (and interest rates) will do this year

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