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Home News Inflation jumps to 3.2%, dashing hopes of a Melbourne Cup day rate cut for homeowners
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 subsidies
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...
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