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The Guardian - AU

National

Peter Hannam Economics correspondent

Australia’s inflation rate rose 1.2% in September quarter boosted by higher fuel prices

Inflation Australia RBA Reserve Bank Interest Rates

Higher fuel prices in the September quarter pushed the consumer price index higher to 1.2%. — Inflation on the rise: higher fuel prices in the September quarter pushed the consumer price index higher to 1.2%. Photograph: Flavio Brancaleone/AAP

Australia’s inflation rate quickened in the September quarter, boosted by higher petrol prices, adding to pressure on the Reserve Bank to hike interest rates again.

The headline consumer price index rose 1.2% in July-September, up from 0.8% in the June quarter, the Australian Bureau of Statistics reported on Wednesday. Economists had expected the quarterly rate to come in 1.1%.

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