Rising inflation has made an rate rise even more likely at next week’s central bank meeting. Expectations are about 0.25 percentage point, which would take the cash rate to 4 per cent.
Australia’s consumer price index rose 0.5 per cent in Q4 from the previous quarter. While this was just half the Q3 rise of 1 per cent, it pushed the annual rate of inflation up to 2.1 per cent. Read more