Inflation's back, and further rate cuts are off
Housing-related costs pushes CPI above 1% for the first time in two years.
Price inflation is back.
Driven by a 3.3% surge in housing and household utilities prices, the year-on-year consumer prices index is now 1.3%.
That is a marked jump from the previous annual figure of 0.2%. It is also the first time in more than two years the CPI has gone into the Reserve
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Inflation's back, and further rate cuts are off
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