We already know we’ve been paying a lot more for petrol, rent and electricity, and rising prices could lead the Reserve Bank to hike interest rates again next month.
The latest figures from the Australian Bureau of Statistics show that inflation ticked up over the three months to September, leaving the annual rate at 5.4 percent—higher than economists had expected.
In this episode, the ABC’s business editor Ian Verrender discusses what that means for the RBA’s interest rate decision in November, and why central bankers need to tread very carefully to avoid sending Australia into a recession. Subscribe: http://ab.co/1svxLVE
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