Inflation spike on the cards despite energy rebates

Inflation surges as energy rebates run out of gas

Lower energy rebates and higher housing costs than a year ago have propelled the headline inflation rate up to its highest level in 16 months.

Inflation surges as energy rebates run out of gas

Inflation has surged to 3.8 per cent, above analyst expectations, as energy rebates dropped off and housing costs climbed. Although the monthly consumer price index was flat in October, a fall in inflation a year prior resulted in the annual figure jumping from 3.5 per cent to a 16-month high, the Australian Bureau of Statistics reported on Wednesday. Electricity was the biggest contributor, up 37.1 per cent in the 12 months to October. “The ann…

Inflation surges as energy rebates run out of gas

Inflation has surged to 3.8 per cent, above analyst expectations, as energy rebates dropped off and housing costs climbed. Although the monthly consumer price index was flat in October, a fall in inflation a year prior resulted in the annual figure jumping from 3.5 per cent to a 16-month high, the Australian Bureau of Statistics reported on Wednesday. Electricity was the biggest contributor, up 37.1 per cent in the 12 months to October. “The ann…

Inflation spike on the cards despite energy rebates

A landmark inflation release could bring bad news for the Reserve Bank, with some analysts predicting the consumer price index could climb to a 16-month high.