Australia’s inflation rate jumps to 4%, putting an RBA rate rise back on the agenda
- Written by: Isaac Gross, Lecturer in Economics, Monash University
A key measure of inflation has jumped, climbing to 4% in May after edging up from a recent low of 3.4% in February.
The Bureau of Statistics monthly consumer price indicator produced an annual inflation rate of 3.6% in April. This was the same as the longer-established Bureau of Statistics quarterly measure, which produced 3.6% in March.
The upward...
Read more: Australia’s inflation rate jumps to 4%, putting an RBA rate rise back on the agenda
