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COPYRIGHT 2004 Asia Pulse Pty Ltd
SYDNEY, Oct 22 Asia Pulse - Australia's inflation was likely to have risen 0.5 per cent in the September quarter, however an interest rate hike is now unlikely this year due to higher petrol prices and an easing housing market, economists said today.
The Australian Bureau of Statistics (ASB) will publish the September quarter consumer price index (CPI) on Wednesday.
In the July quarter, headline CPI rose 0.5 per cent, seasonally adjusted, for an annual rate of 2.5 per cent, the ABS reported.
This time around, the market is expecting a 0.6 per cent increase in seasonally adjusted terms, for...
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