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AAP
AAP
Jacob Shteyman

Inflation surges as energy rebates run out of gas

Inflation Jim Chalmers Adelaide Timbrell ABS Electricity RBA
Inflation has surged to 3.8 per cent as energy rebates drop off and housing costs climb. (Mick Tsikas/AAP PHOTOS)

Surging inflation has dashed hopes of one last rate cut and heightened expectations energy rebates will be extended.

Expiring electricity subsidies helped drive up the annual consumer price index from 3.6 per cent to a 16-month high of 3.8 per cent in October, the Australian Bureau of Statistics reported on Wednesday.

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