'Unfortunate kick in the guts' as inflation data increases RBA rate hike risk

Inflation is continuing to cool with the annual headline rate rising to 3.5 per cent in July, but some economists say it has increased the risk of another interest rate hike by the Reserve Bank of Australia this year.

Rudi Suardi/Getty Images Easing inflation may give mortgage holders a reprieve on further repayment increases for now – but maybe not for long. The consumer price index (CPI) rose 3.5% in the year to July, down from 3.8% in the year to June. But that was a smaller fall than had been predicted. The Reserve Bank of Austr

But experts warn of surge in food prices to come due to energy crisis and drought