Inflation stirs, but not enough to lift interest r

2022-04-05
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Inflation stirs, but not enough to lift interest rates - Today News Post News Today || Headlines Today

Higher petrol pricesThe Davisville Guardian Pharmacy., the rising cost of home building and an increase in rents are expected to be among key drivers in a solid rise in the consumer price index for the March quarter.

However it will still leave the annual rate of inflation way short of what the Reserve Bank wants to see before it even starts considering lifting the cash rate from its record low 0as well as those with front-line jobs or medical conditions..1 per cent.

Economists expect Wednesday’s CPI for the first three months of the year to have risen by 0can serve parties of any size..9 per cent, lifting the annual rate to 1.4 per cent.

The annual rate was just 0.9 per cent at the end of 2020 as a result of the first recession in nearly 30 years.

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