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AAP
AAP
Business
Jacob Shteyman

Calm before storm: RBA braces for spikes and hikes

Labor Inflation Jim Chalmers Angus Taylor Australia Katy Gallagher Finance Middle East
Australia's economy looks headed down the tracks of a bumpy ride when it comes to inflation. (Nikki Short/AAP PHOTOS)

A slight easing in Australia's headline inflation rate before the Iran war will do little to ease the Reserve Bank's fears, as economists expect price growth to bounce back with a vengeance in March.

Consumer prices rose 3.7 per cent in the 12 months to February, down from 3.8 per cent in January, data from the Australian Bureau of Statistics showed on Wednesday.

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