Food prices rise as drought hits Australian supplies, with inflation climbing to 1.8%
by Australian Associated Press from Environment | The Guardian on (#4YK5P)
Most analysts expect the Reserve Bank will delay a rate cut next week with inflation just below its preferred range
Inflation figures for the December quarter have nudged higher and most analysts expect the Reserve Bank will delay a rate cut.
Annual inflation climbed 0.1% to 1.8%, which the RBA board may consider when it meets on Tuesday. The 1.8% figure is just below the Reserve's preferred 2.0% to 3.0% range.
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