Inflation is picking up in Australia, and there is considerable speculation about what the central bank will do with interest rates in 2022.
The Consumer Price Index figures out this week show prices over 2021 rose 3.5%. That increase reflected big jumps in some prices – such as transportation costs, up 12.5% – while other prices fell – such as communication (down 0.5%) and clothing & footwear (down 0.3%).
