Heated inflation figures put rate hike firmly in play

The latest inflation data has come in hotter than expected and may stir the Reserve Bank into a Melbourne Cup Day rate hike. Consumer prices as tracked by the Australian Bureau of Statistics rose 1.2 per cent over the three months to September, up from 0.8 per cent in the June quarter. Sky-high petrol prices […]

Inflation surprise as rate of price growth slows in May

A sharp fall in consumer prices will take pressure off the Reserve Bank, but persistent growth in rents and services will keep further rate hikes in play. The consumer price index sunk back to 5.6 per cent in the year to May, from 6.8 per cent in April. The result was well below market and […]

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