Inflation jumped to 3.8% in the year to December, from 3.4% in the month before, as strong underlying price growth added to the chance of a Reserve Bank rate hike on Tuesday. The latest figures from the Australian Bureau of Statistics suggested that Australian households once again face a fight to bring rapidly rising consumer prices back under control. That battle will most likely now start with a rate hike at next week’s RBA monetary policy board meeting, the first since November 2023. Climbing housing costs in the year to December – including a 3.9% rise in rents and a
Suspect detained after Rep. Ilhan Omar sprayed with unknown substance during Minneapolis town hall
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