Six financial market economists—Citi, Deutsche, Judo Bank, Morgan Stanley, Rabobank and UBS, now expect the RBA to hike its cash rate target by 25 basis points to 4.6 per cent before parliament returns in August. Why is the Albanese government's plan fuelling inflation and driving up interest rates, making life harder for Australians that are already doing it tough in an all-out cost-of-living crisis?