Inflation jumps to 3.2%, dashing hopes of a Melbourne Cup day rate cut for homeowners
The RBA has long anticipated a rebound in the headline inflation rate, driven by the rolling expiry of generous household power bill subsidiesFollow our Australia news live blog for latest...
By Patrick Commins Economics editor · The Guardian World
The RBA has long anticipated a rebound in the headline inflation rate, driven by the rolling expiry of generous household power bill subsidies Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Inflation has jumped to 3.2% in the year to September, from 2.1% in June, as waning government subsidies feed through to higher household power bills. Any lingering chance of a rate cut next Tuesday was squashed after the new Australian Bureau of Statistics figures also confirmed a troubling rise in underlying inflation. Continue reading...