Higher-than-expected inflation number raises risk of interest rate hike | ABC News

A higher-than-expected inflation number has dramatically raised the risk the Reserve Bank will be forced to hike interest rates again to get consumer prices under control.
The Australian Bureau of Statistics measure of consumer prices for May showed a rise in annual headline inflation from 3.6 back to 4 per cent.
The Reserve Bank targets an inflation rate of 2-3 per cent, aiming for the mid-point of that range.
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