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The Guardian

November inflation rises to 2.3% amid speculation over pre-election interest rate cut from RBA

The Guardian on
November inflation rises to 2.3% amid speculation over pre-election interest rate cut from RBA



Economists had predicted a November annual CPI inflation figure within the Reserve Bank of Australia’s preferred 2% to 3% target rangeFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastThe monthly inflation rate rose to 2.3% in November, according to the latest figures from the Australian Bureau of Statistics.The underlying inflation rate – the Reserve Bank’s preferred measure for prices – has declined but remains above the bank’s target band, casting doubt over the prospect of a February interest rate cut.Sign up for Guardian Australia’s breaking news email Continue reading…



Source link : https://www.theguardian.com/australia-news/2025/jan/08/australia-inflation-rate-cpi-consumer-price-index-reserve-bank-rba-interest-rates

Author : Dan Jervis-Bardy

Publish date : 2025-01-08 02:05:00

Copyright for syndicated content belongs to the linked Source.

Tags : The Guardian

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