Inflation jumps, killing hopes of a December rate cut | The Business | ABC NEWS
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YouTubeABC News (Australia)
Inflation jumps, killing hopes of a December rate cut | The Business | ABC NEWS
Annual inflation in Australia jumped to 3.8 per cent in October, up from 3.6 per cent in September. The largest contributors were housing (+5.9 per cent), food and non-alcoholic beverages (+3.2 per cent), and recreation and culture (+3.2 cent). Shadow Treasurer Ted O'Brien says it's the "worst news" for struggling mortgage borrowers, who can ...
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