Inflation accelerates to 3.8 per cent, rate rise likely

Australia’s Inflation up 3.8 Percent, Power Prices Jump 21 Percent Over the Year

Australia’s inflation rate has jumped again, adding pressure to household budgets and raising expectations the Reserve Bank of Australia (RBA) may lift interest rates next week. New data from the Australian Bureau of Statistics shows inflation rose to 3.8 percent in the year to December, up 3.4 percent in November, moving above the RBA’s 2–3 percent target range. The increase comes just days before the RBA meets to decide whether to raise rates …

‘Game, set, match’: ASX slumps on rate call

The Aussie sharemarket has slumped despite energy and mining gains, as hotter than expected inflation threatens to trigger the first interest rate rise since 2023.

The numbers that just put an interest rate rise next week one step closer

Now four of the big banks are expecting the RBA to raise rates.

Australian inflation jumps, adding to chances of an RBA interest rate hike

Inflation has risen further above the Reserve Bank of Australia’s 2–3% target. There is now a very real prospect the Reserve Bank will feel it needs to increase interest rates at its meeting next week, with an announcement due on Tuesday afternoon. Inflation rose 3.8% in the year to December, up from 3.4% in the year to November, according to the latest Australian Bureau of Statistics consumer price index (CPI) report. The Reserve Bank will look…

Interest rate hammer blow 'locked and loaded' for millions of Aussies

Millions of homeowners are firmly at risk of being hit by an interest rate hike next week after new inflation data came in hotter than expected.The consumer price index (CPI) for December rose to 3.8 per cent for the past 12 months – up from 3.4 per cent in November and more than the roughly 3.5 per cent economists had expected, the Australian Bureau of Statistics announced this morning.The trimmed mean – the Reserve Bank's preferred measure of …

Rate rise all but guaranteed after inflation jump

The increase on a $600,000 mortgage would add almost $100 to a household’s monthly repayments.