Jump in Aussie inflation poses questions for RBA on rates
Monthly inflation was expected to fall, but instead gained a percentage point to 3.6%.
Australians are paying more for insurance, and the cost of housing is increasing at a higher rate than the CPI.
A surprise increase in Australia’s monthly inflation rate sent the ASX 1% lower today as markets judged that any interest rate cuts by the RBA were some way off, and that the central bank may even have to tighten its settings.
The April CPI rose by 3.6%, higher than the 3.4% expected and a
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