Login
ISCOVER
Inflation surged to reach five per cent in the September quarter – the highest level since 1995.
Data released by the ABS today showed the headline consumer price index rose 1.2 per cent in the September quarter to reach an annual pace of five per cent.
This was at the upper end of market expectations of 4.6 to five per cent and could limit the RBA’s reduction to the cash rate when it meets again next month.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Create free account to get unlimited news articles and more!
Looking for more benefits?
Become a Premium Member.
Housing was a major contributor to the rise in CPI with rents rising in all capital cities. Water and sewerage costs, electricity plus property rates and charges were also contributing factors.
Published: 22-10-08
Today's other news
- NAB favourite to buy Wizard
- Government could u turn on deposit guarantee
- Mortgage stress improves but more rate cuts needed
- Global financial catastrophe averted: RBA
- St George cuts standard variable
JOIN THE DISCUSSION