Inflation leaps to 4% stoking fears of fifth interest rate hike before Christmas
- Christmas: 18 events in the last 90 days
- Previous: 4 days earlier · New-and-improved Delta Center has Mammoth feeling ‘like kids at Christmas’
What happened
Jim Chalmers says ‘higher global oil prices flowing through to oil prices in Australia’ are to blame for inflation rising from 3.5% Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast Inflation has jumped to 4% in the year to August, from 3.5%, as Jim Chalmers was again forced to defend Labor’s economic management amid fears the Reserve Bank will need t…
Summary assembled by rule from the sources below