With inflation still rising, the RBA will almost certainly lift interest rates in February
- Written by Isaac Gross, Lecturer in Economics, Monash University
Interest rates are almost certain to rise again in February, after the latest Consumer Price Index figures showing inflation hit 7.8% in 2022 – its highest rate in 33 years.
The data from the Australian Bureau of Statistics shows a 1.9% increase in the CPI in the December quarter. Combined with the strong increases in the first nine months of...
