Grim Forecast for Aussie Homeowners after Sharp Inflation Rise

07/03/2022

Interest rates could be hiked as early as May, economists have predicted following a sharp rise in inflation. Australia’s consumer price index (CPI) rose to a bigger-than-expected 1.3% in the December quarter, pushed up by soaring petrol and housing construction costs. The figure is up from an 0.8% increase over the previous three-month period. The…
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