Business
Shock data: ASX growth shares could get hammered soon – The Motley Fool Australia
New numbers from the Australian Bureau of Statistics could make the Reserve Bank anxious. And that won’t be good for ASX share investors.
Inflation in Australia is on the way up, which could have dire consequences for growth shares.
The Australian Bureau of Statistics on Wednesday revealed the consumer price index (CPI) rose 0.9% in the December quarter.
This meant the annual inflation rate has now been dragged up from 0.7% to 0.9%.
“The December quarter CPI was primarily impacted by an increase in tobacco excise and the introduction, continuation and conclusion of a number of government schemes, including child care fee subsidies…
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