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

Written by The Conversation

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,...

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