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The New Daily

Business

Matthew Elmas

‘Red hot’: Typical mortgage bills to rise $140 in August as inflation surges

Inflation RBA Gareth Aird Saul Eslake Sean Langcake

Recession warnings as inflation rate rises. 10 News First – Disclaimer

Typical monthly mortgage bills are expected to rise another $140 next week after official data showed inflation rose further in the June quarter.

Economists said Wednesday’s consumer price index – which showed inflation had risen to 6.1 per cent over the year to June – was in line with RBA forecasts and would therefore have little effect on the current outlook for interest rates.

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