Inflation jump keeps open risk of rate rise - SBS World News Australia
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news.sbs.com.au/worldnewsaustralia/inflation_jump_keeps_open_risk_of_rate_rise__538681
Inflation jump keeps open risk of rate rise - SBS World News Australia
risk of another interest rate rise next month. ause the Reserve Bank of Australia to think twice before lifting rates again when its board meets on February 5. price index (CPI) rose 0.9 per cent in the December quarter, according to the Australian Bureau of Statistics, pushing the annual rate up to 3.0 per cent and to the top of the RBA's two to three per cent inflation target band. rise in the quarter for 3.6 per cent in the year to December. rise 0.8 per cent, which will have taken the annual rate to 3.2 per cent. rise 1.0 per cent to 2.9 per cent over the year. eased cost of transportation, housing, financial services and alcohol and tobacco were key components in pushing up the CPI to its highest annual rate since the December quarter of 2006.
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