Australian inflation rises more than expected in January as rate hike risks grow
Australian consumer prices rose 0.4 percent in January. This surprise jump in core inflation has increased market expectations for a rate hike this May.
Consumer prices in Australia 
AU rose by 0.4% in January, while the trimmed mean core inflation annual rate increased to 3.4%. According to data released today by the Australian Bureau of Statistics, both figures came in above median forecasts. This stronger-than-expected inflation print has significantly raised the risk of another interest rate hike, prompting an immediate reaction across financial markets.
AU rose by 0.4% in January, while the trimmed mean core inflation annual rate increased to 3.4%. According to data released today by the Australian Bureau of Statistics, both figures came in above median forecasts. This stronger-than-expected inflation print has significantly raised the risk of another interest rate hike, prompting an immediate reaction across financial markets.
