The RBA delivers a Melbourne Cup rate hike to curb persistent inflation. Rising energy and service costs are contributing factors, but the post-pandemic spending spree, favouring experiences over possessions, raises questions about “funflation” stoking inflationary pressures. Will higher rates further fan the flames? Darren is joined by his new sparring partner, Jessica Ren, to explore these dynamics and more in episode 44 of The Rate Debate.