Inflation rise puts RBA interest rate cuts in doubt
A rise in Inflation could place further pressure on the Reserve Bank to delay or even abandon planned interest rate cuts.
Headline inflation increased to 3 per cent in August, up from 2.8 per cent.
According to the Australian Bureau of Statistics, housing, food, and non-alcoholic beverages contributed to the increase in the rate of inflation.
Some economists warn that the RBA may delay further interest rate cuts.
