Inflation in Australia has largely beaten expectations, raising fears among borrowers that the RBA will be forced to deliver another interest rate hike.
Australia's Consumer Price Index has risen 1.2 per cent in the September 2023 quarter, further deepening fears the nation's central bank will be forced to increase interest rates in two weeks' time.
"CPI rose 1.2 per cent in the September quarter, higher than the 0.8 per cent rise in the June 2023 quarter," Marquardt said."While prices continued to rise for most goods and services, there were some offsetting falls this quarter including for child care, vegetables, and domestic holiday travel and accommodation.
"It is possible that this can be done with the cash rate at its current level but there are risks that could see inflation return to target more slowly than currently forecast," she said.
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