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The Times

Australia’s inflation surge just made an RBA rate rise more likely

  • Written by Stella Huangfu, Associate Professor, School of Economics, University of Sydney
Australia’s inflation surge just made an RBA rate rise more likelyTkKurikawa/Getty

Australia’s inflation rate surged 1.1% in March, driven by a record jump in fuel prices, making an interest rate hike next Tuesday more likely.

The consumer price index (CPI), released today, rose to 4.6% in the year to March, the first major economic indicator to show the impact of the war in the Middle East.

A measure of...

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