Explore the latest developments concerning Inflation in January.
Inflation in January slightly hotter than expected, keeping RBA rate hike on table
The largest contributor to annual inflation in January was housing, up 6.8 per cent. (ABC News: Sharon Gordon)
Headline inflation remained at 3.8 per cent in the year to January, while the trimmed mean measure of underlying inflation edged up to 3.4 per cent.
Treasurer Jim Chalmers has said January's inflation numbers were not unexpected.
The Reserve Bank's interest rate setting board next meets in three weeks.
Inflation remained well above the Reserve Bank's target band last month, keeping pressure on the central bank to potentially hike interest rates further.
The headline Consumer Price Index (CPI) remained at 3.8 per cent in January, unchanged from December, in seasonally adjusted terms.
Rate hike risk for March looms large after inflation surprise
Investors are now starting to weigh the very real possibility of an interest rate hike from the Reserve Bank of Australia when policymakers gather next month.
That’s after yet another hot monthly inflation report from the Australian Bureau of Statistics, which showed the Consumer Price Index stuck at 3.8 per cent – well above the central bank’s 2.5 per cent target.
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For more detailed information, explore updates concerning Inflation in January.









