Inflation rises more than forecast, increasing rate hike odds

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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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They will have to Rise so SelfcRetirees can obtain a Secure Loan or it goes to Cash .

Guess it is time to pay for Christmas?

Well if there was 4b spent at Christmas there is bound to be a rise in inflation. Spending = inflation. Stop spending people or you are going to reap what you sow

Stop whingeing. Albo, Cris and Jim have climate change and Putin on the ropes!

Bloody lnp members spending up big

Labor 👍🏻

of course upping the interest rate ups the inflation rate , but punishing families mortgages for oil trader speculators corruptions is unaustralian,its time these interest controller monkeys were brought under control.under the treasury dept!!!

JEChalmers opens his press conference with blaming the previous government for the inflation rate in the first quarter of 2022. You do realise you have now had 2 quarters to address inflation but haven’t. Now you hope it has peaked - you are the treasurer why don’t you know?

Of course,end of year splurge to today's poppers

Norway; Sovereign fund. Citizens each worth a fortune via resources. Australia; globalist, pro elite duopoly sold the lot. Citizens most indebted on the planet with 5% plus rates and rising. Jail LNP and Labor.

Lets send a load of bucks to Ukraine!

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