Expectations grow for interest rate hike next week after Australia’s inflation jumps to 3.8%
by Patrick Commins Economics editor from World news | The Guardian on (#7353G)
Rapidly rising consumer prices led to annual inflation growing from 3.4% to 3.8% in the year to December
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Inflation jumped to 3.8% in the year to December, from 3.4% in the month before, as strong underlying price growth added to the chance of a Reserve Bank rate hike next Tuesday.
The latest figures from the Australian Bureau of Statistics suggested that Australian households once again face a fight to bring rapidly rising consumer prices back under control.
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