Inflation comes in higher than expected, increasing the chances of another Reserve Bank interest rate rise next month.
abc.net.au/news/inflation-cpi-december-quarter-2022-abs/101890702Inflation has come in higher than expected, increasing the chances of another Reserve Bank interest rate rise next month.Travel and accommodation as well as electricity contributed the biggest price rises over the last three months of 2023The official Consumer Price Index from the Australian Bureau of Statistics jumped 7.8 per cent over the year to December.
The market odds for another official interest rate rise next month jumped from around 55 per cent immediately before the data release to more than 70 per cent shortly after, according to Refinitiv data.
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