Housing inflation is a persistent thorn in the RBA’s side
This week’s stronger-than-expected CPI inflation print from the Australian Bureau of Statistics (ABS) has economists tipping near-term interest rate hikes. To recap, the policy-relevant trimmed mean inflation printed at 3.6% year-over-year, above forecasts of 3.5%: The monthly and quarterly pace of trimmed mean inflation has also accelerated: Australia now has one of the strongest-growing trimmed…
We haven't written up this one. MacroBusiness has the full story — the link below goes straight to it.
