Aussies struggling with the cumulative impacts of post-pandemic inflation could see prices surge again.

This is the major warning from a leading economist after Reserve Bank of Australia governor Michele Bullock on Monday acknowledged the soaring inflation over the past four years will not come back down .

Inflation has risen more than 20 per cent since March 2021 and annual inflation peaked at 7.8 per cent in December 2022 throughout this period.

While inflation settled to 2.1 per cent in the June quarter, Judo Bank chief economist Warren Hogan said price pressures were persistent within the economy.

“We do need to be vigilant,” Mr Hogan said on AM Agenda.

“Despite consumer price inflation coming down, there still is inflation pressure out there.

“Business costs are still going up

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