top
Interest rate hikes remain on cards as underlying inflation climbs, economists warn
Why this matters: a developing story that could shape the day's news cycle.
Despite plunging fuel prices, trimmed mean inflation increased from an annual pace of 3.4% to 3.6%Follow our Australia news live blog for latest updates Get our breaking news email, free app or daily news podcast Australia’s inflation challenge is far from over and more Reserve Bank rate hikes remain on the cards, economists warn, even after a plunging petrol costs drove an unexpected fall in consumer price growth in the year to May.Annual inflation dropped to 4%, from 4.2% in the year to April, according to the Australian Bureau of Statistics, dragged down in large part thanks to a nearly 12% drop in fuel prices in the month of May. Continue reading...
Article preview — originally published by The Guardian. Full story at the source.
Read full story on The Guardian →
More top stories
Also covered by
Investing.com
RBI not considering rate hikes yet, governor tells ET NOW
Bloomberg Markets
RBA Cites Phillips Curve in Bet Its Rate Hikes Won’t Hammer Jobs
Investing.com
Some in BOJ called for further rate hikes, June summary shows
The Hindu
SBI likely to step in for Metro projects’ finance at a very low interest rate
Aggregated and edited by the Scoop newsroom. We surface news from The Guardian alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop