Inflation rebound increases the risk of a Melbourne Cup Day interest rate rise

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Inflation rebound increases the risk of a Melbourne Cup Day interest rate rise
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Consumer prices rose 1.2 per cent in the September quarter, slightly above economist forecasts and increasing the risks of another Reserve Bank interest rate rise.

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That leaves the annual rate of inflation at 5.4 per cent, lower than the 6 per cent recorded in June but slightly above most economists' forecasts, which centred on 1.1 per cent and 5.3 per cent. The biggest contributions to inflation in the September quarter came from fuel , rents , new dwelling purchases and electricity .

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