Shortly before ASIC chair Sarah Court stood up to speak at a Council for Economic Development lunch in Sydney on Wednesday, the latest monthly inflation data delivered a clear message: the regulator’s job is about to get harder.Although the monthly data can be volatile, underlying inflation is simply too hot for the Reserve Bank of Australia’s comfort. Deutsche Bank was so moved by the data it predicted the central bank could increase rates as soon as September, while UBS and Goldman Sachs see a rise in November.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles