Inflation up, but not rates


Economists say Australia’s inflation probably rose 0.5 per cent in the September quarter but an interest rate hike is unlikely this year due to higher petrol prices and an easing housing market…””We expect a further rise of three per cent in petrol prices during the September quarter … and above-average rises also for new house prices, rents, property rates and charges and domestic holiday travel (including air ticket levies).”

So…are people going to travel abroad instead of domestically? 🙂

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