Business
Rent hikes return as inflation exceeds expectations – The Australian Financial Review
Low population growth has not stopped a return to rental growth and rising house prices, as the December-quarter headline inflation rate rose to 0.9 per cent.
Most market economists said the December inflation reading would not affect the Reserve Banks current monetary policy settings.
Subsidies in Western Australia also helped push the cost of electricity down 7.5 per cent the biggest quarterly drop in electricity since the Australian Bureau of Statistics inflation data series began in 1972.
Government subsidies have helped ease what could have been higher housing prices, said Michelle Marquardt, ABS head of prices statistics.
The December quarter rise…
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